Thursday, October 9, 2014

Market News In 2 Minutes @ 9th 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. Golden Ocean Group (KU3) - And Knightsbridge Shipping have today entered into an agreement to merge. Knightsbridge will be the surviving legal entity but the combined company will be renamed Golden Ocean Group after the merger is completed. For the complete report, click here. (source : The Edge)

2. Chasen Holdings (5NV) - Agreed to purchase the remaining 49 percent interest to the net proceeds from the sale of a factory located at Tuas for $5.4 million. The proposed acquisition not only provides the group with a hedge against rising industrial property rental but also an opportunity to fully own the rights to the net proceeds from the sale of the factory premise in a strategic industrial location. The group intends to finance the acquisition with a combination of equity and bank borrowings. (source : Shares Investment)

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