Wednesday, December 24, 2014

Market News In 2 Minutes @ 24th 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. AEI Corporation (A18) - Has entered into a placement agreement with Well Global Investments (Singapore), who has agreed to subscribe to 20 million new shares of AEI Corporation at $0.13 per share. The estimated net proceeds from the exercise will amount to approximately $2.6 million, which will be used to finance its investment opportunities or acquisitions of other businesses synergistic to its operations. (source : Shares Investment)

2. Koyo International (5OC) - Announced that its wholly owned subsidiary Koyo Engineering (S.E.Asia) has been awarded a $2.5 million contract to provide two years of maintenance for the mechanical and electrical systems at One Raffles Place. The contract commences on 1 January 2015, and is renewable for one year after the contract period. (source : Shares Investment)

3. Ramba Energy (R14) - Has agreed through a binding letter of offer with Risco Energy Investments Holding for Risco to acquire a 25 percent direct working interest in the Lemang oil and gas productions. Negotiations are ongoing, however if not completed by 31 January 2015, Ramba is entitled thereafter to approach another party for the proposed sale. (source : Shares Investment)


No comments:

Post a Comment

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

* indicates required