Thursday, November 20, 2014

Market News In 2 Minutes @ 20th 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. Regal International (UV1) - Formerly known as Hisaka Holdings Ltd started trading on the Mainboard yesterday. The listing follows the acquisition by Hisaka Holdings of the entire issued and paid-up share capital of Regal International for a consideration of $127.3 million.  (source : The Edge Singapore)

2. Keppel Corporation (BN4) - Proposed the disposal of a 51 percent stake in Keppel Merliau Cogen (KMC), which owns the Keppel Merlimau Cogen Plant, for $510 million. In addition, a 15-year tolling agreement where KMC will be contracted by Keppel Electric for an amount no more than $108 million per year. Keppel Infrastructure Holdings (KI) will guarantee Keppel Electric’s payment obligation to KMC. (source : Shares Investment)

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3. REITS : Keppel Infrastructure Trust -KIT (LH4U) - And CitySpring Infrastructure Trust CIT (A7RU) agreed to a merger where every KIT unit will be entitled to receive 2.106 CIT units. Upon completion, CIT will be renamed as KIT and the combined trust will be Singapore’s largest infrastructure-focused business trust. KI will remain as the sponsor of KIT. (source : Shares Investment)

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