Monday, January 26, 2015

Market News In 2 Minutes @ 26th 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. CapitaLand (C31) - Its wholly owned subsidiary The Ascott has secured contracts to manage three more properties with over 300 apartment units in Beijing and Hong Kong, of which two are from a strategic alliance in Beijing while the third will be Ascott’s fifth Hong Kong property. The contracts will further reinforce Ascott’s leadership position as the largest international serviced residence owner-operator in China, with over 12,900 apartment units in 72 properties across 23 cities. (source : Shares Investment)

2. DeClout (5UZ) - Has announced the acquisition of approximately 0.5 million new shares in Corous360 for $7.4 million, which were supposed to be allotted and issued to JTech Mobile. The issuance served as part of Corous360′s payment for its $4.7 million acquisition of Netipay. DeClout and JTech Mobile entered into another agreement on 23 January, under which JTech has irrevocably renounced in favour of DeClout all rights, title and interest in the shares, and has undertaken to procure the allotment and issuance of Corous360 shares to DeClout. The payment will then be satisfied in full by the allotment and issuance of 32 million new shares in DeClout to JTech, representing 9.3 percent of existing shares. (source : Shares Investment)

3. Fraser and Neave (F99) - Its Malaysian subsidiary has secured a 22-year licensing agreements with Nestle, to manufacture and distribute the various brands of Carnation, Bear Brand, Bear Brand Gold, Ideal Milk and Milkmaid in ASEAN including Singapore, Thailand, Malaysia and Brunei. The agreements will extend the licensing term granted by Nestle on 1 February 2007. Fraser and Neave plans to invest THB300 million on a new filling and packaging line at the manufacturing plant in Rojana, Thaliand, to cater to growing demands. (source : Shares Investment)

4. WE Holdings (5RJ) - Has announced plans to issue 4.2 billion warrants at $0.001 each that could raise up to $16.7 million, which will go towards working capital use, and the financial flexibility for acquisition opportunities and potential growth. Separately, the group has acquired the entire capital of Philippines based integrated environment service provider, Maritrans Recycler for no less than US$2 million, to be paid in equal portion of cash and shares. (source : Shares Investment)


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