Tuesday, December 23, 2014

Market News In 2 Minutes @ 23rd 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. Hotel Properties (H15) - Signed a share transfer agreement to sell its 49 percent stake comprising of its loans to and 0.2 million shares in Pinedale Holdings, to General Mills Asia for $15 million. The sales of shares will increase Hotel Properties’ earnings per share to 35.8 cents, but will not affect net tangible assets. After the sales, Pinedale Holdings will cease to be an associate of Hotel Properties. (source : Shares Investment)


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