Tuesday, December 16, 2014

Market News In 2 Minutes @ 16th December 2014

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. City Developments (C09) - Has partnered with Blackstone and CIMB Bank, plus further borrowings from DBS Bank and Oversea-Chinese Banking Corporation, to create a $1.5 billion investment platform that allows investing in the cash flow of CDL’s Quayside Collection in Sentosa Cove. The investment instrument known as a profit participating security will give a fixed 5 percent payout annually for a five-year period. CDL believes the operating strength and solid cash flows of the Quayside Collection will allow CDL to build and deploy capital for its global plans. (source : Shares Investment)

2. Kori Holdings (5VC) - Has been awarded two contacts amounting to a total of $52.9 million, from Taisei Corporation and Daewoo Engineering & Construction Co, with regard to the development of the Thomson Line MRT. Works on the two projects are expected to start in 1Q15, and scheduled to be completed in 24 months. (source : Shares Investment)

3. Olam International (O32) - Has proposed to acquire the global cocoa business of Archer-Daniels-Midland Company (ADM) for a base price of US$1,300 million. ADM is an industry leader in cocoa liquor, powder and butter, boasting of a century worth of tradition and a diverse customer base in more than 90 countries.  (source : Shares Investment)

4. Ryobi Kiso Holdings (J8O) - Has secured new contracts worth $56.3 million, bringing its total new contracts since 1 January to $235.5 million. Some of these contracts are foundation works for MRT station and tunnel for Thomson Line, a second NEWater plant in Changi, as well as geoservices for Changi Airport’s Project Jewel and Marina One Residence.  (source : Shares Investment)

5. Serial System (S69) - Has disclosed its disposal of 822,923 shares in its associate Bull Will Co, in the open market for NT$28.3 million (US$0.9 million). The disposal comprised of 1.3 percent of the issued and paid-up share capital of Bull Will Co, and gave a gain on disposal of US$0.6 million that will be used in the funding of business operations. (source : Shares Investment)


No comments:

Post a Comment

Like What You See? Subscribe To Us Here...

* indicates required