Friday, December 26, 2014

Market News In 2 Minutes @ 26th 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. Asiasons Capital (5ET) - Has signed a sales and purchase agreement to dispose of Asiasons WFG Capital at a consideration of $0.5 million. The disposal will allow the company to focus on its investment business and streamline its operations. (source : Shares Investment)

2. Atlantic Navigation Holdings (5UL) - Announced the setup of a new joint venture, Atlantic Venture Inc, with an unrelated party. The joint venture has acquired a new vessel, allowing Atlantic Navigation Holdings (Singapore) to manage the new vessel for 3 years with possible renewals. Also, the company secured two contract renewals which will see a one-year extension to its charter of two vessels supporting works in Abu Dhabi and Africa, bringing the potential contract value to approximately US$33 million. (source : Shares Investment)

3. AusGroup (5GJ) - Its subsidiary MAS Australasia has been awarded an AUD68.5 million scaffolding contract extension with CB&I Kentz Joint Venture. MAS will continue to provide scaffolding services, including management personnel, scaffold design and engineering and coordination assistance through the supply of labour services. With the award of this contract, AusGroup’s order book now stands at AUD486 million. (source : Shares Investment)

4. SIIC Environment Holdings (5GB) - Has entered into a supplementary concessionary agreement, in relations to the expansion and upgrading of Hanxi waste water treatment plant, for a period of 20 years. The total investment cost for the project is estimated at Rmb722 million, and will be fully funded in cash and financed internally and bank borrowings. (source : Shares Investment)


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