Friday, November 21, 2014

Market News In 2 Minutes @ 21st 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. Figtree Holdings (5F4) - Proposed to acquire a freehold property in Melbourne for A$3.4 million. The group intends to develop the property into a high rise mixed development. The purchase consideration will be funded by the company’s internal resources and bank borrowings. (source : Shares Investment)

2. Sarine Technologies (U77) - Announced the opening of a service center for Sarine LoupeTM diamond imaging services in New York. The service center provides a comprehensive imaging solution for the diamond trade, based on Sarine’s patented technology. Subsequently, links to the scanned images can be simultaneously sent to all potential customers worldwide for their viewing, enabling more informed, transparent as well as quicker and less expensive dealings. (source : Shares Investment)

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3. Yoma Strategic Holdings (Z59) - And a consortium of companies, JALUX Inc and Mitsubishi Corporation, signed a concession agreement with Myanmar’s Department of Civil Aviation for the concession to operate Mandalay International Airport for 30 years. For this purpose, the three companies have established a special purpose company, MC-Jalux Airport Services (MJAS) in the following structure (JALUX: 45.5 percent, Mitsubishi: 45.5 percent and Yoma: 9 percent). (source : Shares Investment)

4. Capitaland (C31) - Its wholly-owned serviced residence business unit, The Ascott Ltd, has won a contract to manage its first Citadines serviced residence in South Korea. (source : The Edge Singapore).


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