Monday, January 19, 2015

Market News In 2 Minutes @ 19th January 2015

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. CNMC Goldmine Holdings (5TP) - Has announced the mutual termination of its joint venture agreement involving Menteri Besar Incorporated (Perak) and its subsidiary, entered into on 5 December 2013. (source : Shares Investment)

2. Keppel Land (K17) - Has signed a conditional agreement to secure a 4.6-hectare site for IDR381.9 billion (approximately $40.2 million) in West Jakarta. The company will subsequently enter into a sales and purchase agreement for the site to be developed as a high-rise condominium. The site is strategically located within the growth corridor of West Jakarta, with accessibility to business districts, lifestyle hubs and a 15-minute drive to the Soekarno-Hatta International Airport. (source : Shares Investment)

3. Unionmet (A6F) - Has entered into a non-binding memorandum of understanding with SG Support Service (SGSS) to acquire 49 percent stake in SGSS. SGSS is the one of four Singapore companies which has the license to collect water & oil sludge and has over 50 heavy vehicles. Unionmet believes there are possible synergies between its oil-blending business, including the provision of water and oil sludge to Biofuel Research for treatment. (source : Shares Investment)

4. Blumont (A33) - has withdrawn its takeover bid for Melin Diamonds. The termination comes after Merlin triggered a breach of a defeating condition set under its 7th supplementary bidder's statement announced to the SGX on 6th Jan. (source : The Edge Singapore)

5.  Centurion Corp (OU8) - Announced it is exploring the feasibility of establishing a REIT. Centurion said the establishment and listing of the REIT would allow the company to recycle capital to pursue its growth strategies across its growing accommodation business. (source : The Edge Singapore)


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