Thursday, November 27, 2014

Market News In 2 Minutes @ 27th 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. Fragrance Group (F31) - Proposed the acquisition of the properties located in Perth, Australia for A$30 million. Situated in the central business district of Perth, these properties are freehold assets and have a total land area of 3,560 square metres. The company intends to re-develop these properties into a mixed-use development. (source : Shares Investment)

2. Silverlake Axis (5CP) - Has secured two software upgrading contracts worth RM40 million from existing customers. The first contract involves the upgrading of a core banking system for an ASEAN bank’s operations in Singapore, while the second contract is for a system upgrade of a social security organisation and government agency in Brunei. (source : Shares Investment)

3. Singapore Exchange (S68) - Announced the launch of a bond trading platform that is scheduled for launch by 1H15. The trading platform will begin with the trading of Asian corporate bonds in G3 currencies followed by the local currencies of Asian countries. (source : Shares Investment)

4. Singapore Medical Group (5OT) - Signed a non-binding memorandum of understanding (MOU) for a proposed 51:49 joint venture with Leaders Cosmetics division of Sansung Life & Science Co, a company incorporated in South Korea. Leaders Cosmetics is principally engaged in the aesthetic medicine and cosmeceutical products businesses. A joint venture company will be set up for the purpose of engaging in the aesthetics and dermatology businesses and distribution of dermatological and cosmeceutical products in the Southeast Asia region. (source : Shares Investment)

5. Zhongmin Baihui Retail Group (5SR) - Has successfully bidded for a proposed 15-year lease of the premises located at Xianyou Lizhong Wenti Lvhua Square in Fujian Province, China. The group intends to use the premise for the operation of a one-floor departmental store on the basement with an aggregate gross floor area of 6,700 square metres and a basement car park. The departmental store is expected to be fully operational in 1H15 and will be funded through internal funds. source : Shares Investment)


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