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. ISOTeam (5WF) -Has been awarded $22.2 million worth of contracts, and expects to positively impact earnings per share. These contracts consist of repairs and redecoration works to housing blocks and food centres, as well as roofing and renovation works. (source : Shares Investment)
2. OCBC (O39) - Announced the signing of a sales and purchase agreement to sell its entire 49 percent interest in Symphony BCSIS, to Symphony House. The cash consideration for the sales is approximately RM4.3 million ($1.6 million). As at 31 December 2013, the net asset value of Symphony BCSIS was approximately RM7.3 million ($2.7 million). (source : Shares Investment)
3. The Straits Trading Company (S20) - Announced a Rmb668.4 million acquisition of Times Midtown, a retail development in Nan ‘an District of Chongqing, China. Payment will be made progressively to Chongqing BBMG Dacheng Shanshui Properties Co upon completion of certain milestones. (source : Shares Investment)
4. Vard Holdings (MS7) - Has secured a contract from Farstad Shipping to design and construct an offshore subsea construction vessel. Vard will design the vessel in close cooperation with Farstad and Technip Norge, who awarded the five-year framework agreement to Farstad for delivery of work that will be fulfilled with the newbuild vessel. Delivery is scheduled in 4Q16. (source : Shares Investment)
5. Oxley (5UX) - Said it has completed the acquisition of Chiba Port Square, a mixed development located in the heart of Chiba City's port area, in Greater Tokyo. The purchase price is around 3.55 billions Yen ($39.6 million) and it is from Masuya Home Co. (source : The Edge Singapore)
Cheers!
2. OCBC (O39) - Announced the signing of a sales and purchase agreement to sell its entire 49 percent interest in Symphony BCSIS, to Symphony House. The cash consideration for the sales is approximately RM4.3 million ($1.6 million). As at 31 December 2013, the net asset value of Symphony BCSIS was approximately RM7.3 million ($2.7 million). (source : Shares Investment)
3. The Straits Trading Company (S20) - Announced a Rmb668.4 million acquisition of Times Midtown, a retail development in Nan ‘an District of Chongqing, China. Payment will be made progressively to Chongqing BBMG Dacheng Shanshui Properties Co upon completion of certain milestones. (source : Shares Investment)
4. Vard Holdings (MS7) - Has secured a contract from Farstad Shipping to design and construct an offshore subsea construction vessel. Vard will design the vessel in close cooperation with Farstad and Technip Norge, who awarded the five-year framework agreement to Farstad for delivery of work that will be fulfilled with the newbuild vessel. Delivery is scheduled in 4Q16. (source : Shares Investment)
5. Oxley (5UX) - Said it has completed the acquisition of Chiba Port Square, a mixed development located in the heart of Chiba City's port area, in Greater Tokyo. The purchase price is around 3.55 billions Yen ($39.6 million) and it is from Masuya Home Co. (source : The Edge Singapore)
Cheers!
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