Thursday, October 2, 2014

Market News In 2 Minutes @ 2nd October 2014

Market News in 2 minutes
As stock investors (even though a small one), it is important to keep abreast with the latest financial and market news. Since I am in it, I thought it might be worthwhile to share it out with my readers too.

Hence, I started this "Market News In 2 Minutes" series.

Following are the "Market News In 2 Minutes" for today :

1. ASL Marine Holdings (A04) - Says has today issued $50 million in principal amount of 5.35% notes due 2018. The notes are issued under the company’s $500 million multi-currency debt issuance programme. (source : The Edge)

2. Singapore Exchange (S68) - Said it has acquired the rest of electricity market operator Energy Market Co (EMC) for $23 million in cash. SGX bought the remaining 51% of EMC from the Energy Market Authority of Singapore, two years after buying an initial 49% stake for $17.6 million plus a conditional $2 million. (source : The Edge)

3. Hiap Hoe (5JK) - Plans to sell 39 shop units, most of which are strata-titled units in Parklane Shopping Mall, in line with its plan to divest non-core assets even as it capitalises on healthy investor demand for retail space. (source : The Edge)

4. AEM Holdings (A10) - Agreed to dispose of its 57.7 per-cent owned subsidiary, Microcircuit Technology (S) (MCT) for US$3 million. Following the consecutive losses of MCT from 2008 to 2013, amounting to US$42.9 million (approximately $56.6 million), the company views the disposal to be in its best interest. (source : Shares Investment)

5. Nera Telecommunications (N01) - Has received purchase orders relating to network infrastructure and wireless infrastructure networks. The order for network infrastructure worth $37 million, involves the work of IP and broadcast network equipment for various customers in Southeast Asia. The second order worth $20 million, relates to the supply and maintenance of microwave radio equipment for various customers in Southeast Asia, Middle East and Africa. (source : Shares Investment)

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