Tuesday, November 25, 2014

Market News In 2 Minutes @ 25th 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. REITS : Mapletree Logistics Trust (M44U) -  proposed the acquisition of Smart Logistics Centre for KRW21.4 billion (approximately $25.2 million). The property, located in Fashion Forest in Gyeonggi province, Korea. The acquisition is expected to be yield-accretive while generating an initial net property income yield of 7.8 percent and will be fully funded by debt.  (source : Shares Investment)

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2. United Envitech (U19) - Has signed an agreement with Beijing Drainage Equipment Co (BDE) to set up a 49:51 joint-venture company with a capital of RMB48 millions. ($9.6 millions). (source : The Edge Singapore)

3. Amplefield (C60) - Says its subsidiary, Citybuilding VN won a contract by SingVietCity (SVC). The contract is valued at $223 millions. (source : The Edge Singapore)


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