Tuesday, November 18, 2014

Market News In 2 Minutes @ 18th November 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.  CapitaLand (C31) - Has entered into a 50:50 joint venture with Credo Group to develop an integrated development in Central Jakarta, Indonesia, with a total cost of $220 million. The integrated development, CapitaLand’s first in country, will comprise office, residential, serviced residence and supporting retail components spanning a total gross floor area in excess of 40,000 square metres.(source : Shares investment)

2. Pacific Radiance (T8V) - Has inked a long-term charter contract for one of its vessels ahead of its expected delivery in 2016/17 worth over US$140 million. The contract, secured from a new client, involves performing offshore support services in an emerging market. (source : Shares investment)

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3. Spackman Entertainment Group (40E) - Has entered into a memorandum of understanding for the proposed acquisition of a 51 percent or more stake in Novus Mediacorp Co. The latter is an investor, presenter and ancillary distributor for Korean theatrical films that had its hand in 54 films since 2009. (source : Shares investment)

4. Boustead Singapore (F9D) - Announced that its 88.2%-owned subsidiary, Esri Australia Pty Ltd, has won a A$16.5 millions ($18.6 millions) contract from the Australian Department of Defense. (source : The Edge Singapore)


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