Thursday, October 30, 2014

Market News In 2 Minutes @ 30th October 2014

Market News in 2 minutesAs 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. Nam Lee Pressed Metal Industries (G0I) - Proposed the acquisition of a single-storey building (factory with office) and other ancillary buildings located in Johor Bahru for RM20.5 million (approximately $8 million) in cash. The appraised value of the property is RM23 million as at 15 September. (source : Shares Investment)

2. The Hour Glass (E5P) - Has fully acquired the share capital of Watches of Switzerland, a watch retailing company incorporated in Singapore, for $13.3 million in cash. The net asset value of the acquired company as at 30 September was $8.8 million. (source : Shares Investment)

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3. YuuZoo Corporation (AFC) - Launched its first mobile game on iOS, Honey Snatch that is jointly developed with Sandbox, a mobile and online game developer in Thailand. The game will be made available in Google Play Store later this year.. (source : Shares Investment)


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