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. Advanced Holdings (5IA) - Disclosed it has entered into a conditional share purchase agreement with Sound Global, selling the whole share capital of Advanced Resources Holdings, as well as that of Advanced Water Engineering for a total consideration of about $16.8 million. With $1.7m in expected disposal gain, the disposal will allow the company to re-strategise its financial and capital resources and unlock value in its water treatment business. (source : Shares Investment)
2. HLH Group (H27) - Announced the termination of a previous sales and purchase agreement of a 13,541 square-metre land in Phnom Penh, Cambodia, dated 20 June 2014. The termination was mutually agreed upon due to commercial reasons, and free from breach of either party. The company will receive its initial deposit of US$1.5 million. (source : Shares Investment)
3. Jubilee Industries Holdings (5OS) - Has announced an increase its stake in its Malaysian associate EG Industries by acquiring an additional 1.1 million shares for Rm0.6 million, leading to a total ownership of 27.5 percent of the total 75 million shares outstanding as at 17 December. (source : Shares Investment)
4. Mermaid Maritime (DU4) - Has bagged a two-year subsea contract for "Mermaid Commander" in the Gulf of Thailand worth USD$50 million ($65.73 million). (source : The Edge Singapore)
5. REITS : Lippo Malls Trust (D5IU) - Announced that it has secured a $180 million term loan facility with several financial institutions based in Singapore (BNP Paribas, CIMB and SCB). The intended usage of the facility is for working capital and general corporate funding purposes, including investments and acquisitions. (source : The Edge Singapore)
6. REITS : Croesus Retail Trust (S6NU) - Has raised the amount of its distributable income hedged to 100% for the period to end-December 2015, in a move to mitigate forex risks. CRT receives distributable income in yen but pays out distribution in Singapore dollars to its unitholders semi-annually. (source : The Edge Singapore)
Cheers!
2. HLH Group (H27) - Announced the termination of a previous sales and purchase agreement of a 13,541 square-metre land in Phnom Penh, Cambodia, dated 20 June 2014. The termination was mutually agreed upon due to commercial reasons, and free from breach of either party. The company will receive its initial deposit of US$1.5 million. (source : Shares Investment)
3. Jubilee Industries Holdings (5OS) - Has announced an increase its stake in its Malaysian associate EG Industries by acquiring an additional 1.1 million shares for Rm0.6 million, leading to a total ownership of 27.5 percent of the total 75 million shares outstanding as at 17 December. (source : Shares Investment)
4. Mermaid Maritime (DU4) - Has bagged a two-year subsea contract for "Mermaid Commander" in the Gulf of Thailand worth USD$50 million ($65.73 million). (source : The Edge Singapore)
5. REITS : Lippo Malls Trust (D5IU) - Announced that it has secured a $180 million term loan facility with several financial institutions based in Singapore (BNP Paribas, CIMB and SCB). The intended usage of the facility is for working capital and general corporate funding purposes, including investments and acquisitions. (source : The Edge Singapore)
6. REITS : Croesus Retail Trust (S6NU) - Has raised the amount of its distributable income hedged to 100% for the period to end-December 2015, in a move to mitigate forex risks. CRT receives distributable income in yen but pays out distribution in Singapore dollars to its unitholders semi-annually. (source : The Edge Singapore)
Cheers!
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