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. CSC Holdings (C06) - Has entered into a framework investment agreement with New Hope Singapore (NHS) to negotiate a joint venture effort for the acquisition and development of a leasehold industrial land at Tuas South Street 9. CSC Holdings will acquire a minority interest in NH Singapore Biotechnology, which will be the joint venture vehicle in connection with the above acquisition and development. The $7 billion land will be developed into a modern high value added factory, fabrication yards and workshops for NHS’ and CSC Holdings’ business operations. (source : Shares Investment)
2. Enviro-Hub Holdings (L23) - Announced a complete disposal of its indirect subsidiary QF 10, to Yew Seng Heng Development at a consideration less outstanding loans of $1.9 million. QF 10 is an investment holding company that currently owns several properties at Hillview Avenue and Lam Soon Industrial Building. (source : Shares Investment)
3. Metro Holdings (M01) - Its indirect associate companies Diamond Wind Company and Choice Bright Holdings have agreed to sell their 50 percent interest in six companies to an unrelated party. The divestment is agreed upon at US$205.2 million. Metro’s 21.4 percent share of the consideration under the deal is approximately US$43.9 million ($ 57.3 million). (source : Shares Investment)
4. OCBC (O39) - Completed the acquisition of 15,100 shares in PT OCBC Sekuritas from PT Farnella Mandiri Utama, and an additional subscription of 0.2 million preference shares in PT OCBC Sekuritas, for a total consideration of IDR255.5 billion. With that, OCBC now owns 95.1 percent of PT OCBC Sekuritas. (source : Shares Investment)
5. SingTel (Z74) - Signed a conditional agreement to wholly acquire Ensyst, an Australia company providing cloud-based services including cloud architecture, cloud migration and unified communications systems. The acquisition of AUD13 million will be paid in cash, subjecting to working capital adjustments. Based on Ensyst’s unaudited accounts as at 30 September, it has a net tangible asset worth of AUD0.2 million. (source : Shares Investment)
6. DBS (D05) - Is in talks to team up with Societe Generale SA in its bid for Royal Bank of Scotland Group Plc's international private-banking oepration. DBS has just completed the US$220 million ($289 million) purchase of Societe Generale SA's Asian wealth-management business in October. (source : The Edge Singapore)
7. Chiwayland Internaitonal (ACW) - Has been awarded the tender for a land measuring 2,878 square metres in Australia, with a purchase price of A$27 million ($28.8 million). (source : The Edge Singapore)
8. REITS : Parkeway Life Trust (C2PU) - Said it has purchased another Japanese nursing home and care facility property, the Ocean View Shonan Arasaki, for $18.9 million. This comes after the earlier acquisition of Habitation Jyosui on 28th November. (source : The Edge Singapore)
9. IPO : UTAC Holdings - The Singapore-based chip tester owned by Affinity Equity Partners and TPG Capital, is considering an IPO. (source : The Edge Singapore)
Cheers!
2. Enviro-Hub Holdings (L23) - Announced a complete disposal of its indirect subsidiary QF 10, to Yew Seng Heng Development at a consideration less outstanding loans of $1.9 million. QF 10 is an investment holding company that currently owns several properties at Hillview Avenue and Lam Soon Industrial Building. (source : Shares Investment)
3. Metro Holdings (M01) - Its indirect associate companies Diamond Wind Company and Choice Bright Holdings have agreed to sell their 50 percent interest in six companies to an unrelated party. The divestment is agreed upon at US$205.2 million. Metro’s 21.4 percent share of the consideration under the deal is approximately US$43.9 million ($ 57.3 million). (source : Shares Investment)
4. OCBC (O39) - Completed the acquisition of 15,100 shares in PT OCBC Sekuritas from PT Farnella Mandiri Utama, and an additional subscription of 0.2 million preference shares in PT OCBC Sekuritas, for a total consideration of IDR255.5 billion. With that, OCBC now owns 95.1 percent of PT OCBC Sekuritas. (source : Shares Investment)
5. SingTel (Z74) - Signed a conditional agreement to wholly acquire Ensyst, an Australia company providing cloud-based services including cloud architecture, cloud migration and unified communications systems. The acquisition of AUD13 million will be paid in cash, subjecting to working capital adjustments. Based on Ensyst’s unaudited accounts as at 30 September, it has a net tangible asset worth of AUD0.2 million. (source : Shares Investment)
6. DBS (D05) - Is in talks to team up with Societe Generale SA in its bid for Royal Bank of Scotland Group Plc's international private-banking oepration. DBS has just completed the US$220 million ($289 million) purchase of Societe Generale SA's Asian wealth-management business in October. (source : The Edge Singapore)
7. Chiwayland Internaitonal (ACW) - Has been awarded the tender for a land measuring 2,878 square metres in Australia, with a purchase price of A$27 million ($28.8 million). (source : The Edge Singapore)
8. REITS : Parkeway Life Trust (C2PU) - Said it has purchased another Japanese nursing home and care facility property, the Ocean View Shonan Arasaki, for $18.9 million. This comes after the earlier acquisition of Habitation Jyosui on 28th November. (source : The Edge Singapore)
9. IPO : UTAC Holdings - The Singapore-based chip tester owned by Affinity Equity Partners and TPG Capital, is considering an IPO. (source : The Edge Singapore)
Cheers!
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