Monday, November 24, 2014

Market News In 2 Minutes @ 24th 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. Keppel Telecommunications & Transportation (K11) - Agreed to acquire a data centre located in Almere, the Netherlands for a price that has yet to be disclosed. At the same time, a binding letter of intent was inked with a major tenant who has committed to lease approximately 40 percent of the space at the data centre. (source : Shares Investment)

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2. Lian Beng Group (L03) - Said joint venture company Wealth Property has won the tender to purchase a land parcel at Mandai Link for a purchase price of $21.3 million. Wealth is 65:35 joint venture company owned by Lian beng and The Legacy Industrial (Mandai).  (source : The Edge Singapore).

3. iFast Corporation, famous for its online fund distribution business, has lodged its preliminary prospectus, with plan to sell 32.8 million shares. The company wants to use proceeds from the IPO on acquisitions, expansion into China, enhance its products and other miscellaneous purposes. The IPO is arranged by DBS Bank and DMG & Partners Securities.


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