Wednesday, November 12, 2014

Market News In 2 Minutes @ 12th November 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. Frasers Centrepoint (TQ5) - Its hospitality arm expanded its Indonesian footprint with the opening of its second property, with 128 serviced units, in Jakarta. Moving forward, it intends to add another six properties in Jakarta and two in other Indonesian cities to add 1,700 more serviced units by 2017. (source : Shares Investment)

2. Halcyon Agri Corporation (5VJ) - Entered into a memorandum of understanding to acquire Centrotrade Holding, a leading distributor of rubber products known for its strong technical capabilities and operator of several warehouses and storage tanks in Europe, South Africa and US. (source : Shares Investment)

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3. Tritech Group (5G9) - Its subsidiary, Tritech Consultants, together with Black & Veatch (Sea), was awarded an $18.5 million consultancy contract by the Public Utilities Board to provide engineering services. Tritech Consultants’ portion of the contract is worth $8.8 million. The contract is expected to be completed within 54 months (May 2019). (source : Shares Investment)

4. XMH Holdings (M9F) - It subsidiary, Mech-Power Generator Group, has inked two contracts worth $11.3 million. The first contract is the supply, delivery and installation of standby generator sets and fuel systems for the Changi Airport Terminal 4 project, scheduled for delivery in 2Q15. The second contract involves similar works for an upcoming five-storey data centre project in Jurong Industrial Estate with two deliveries in December and February 2015. (source : Shares Investment)

5. YuuZoo Corporation (AFC) - Has acquired Sandbox’s, a leading global social gaming company, registered user base of over five million users for about US$0.5 million. The duo has recently launched a new mobile game, Honey Snatch. (source : Shares Investment)


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