Friday, January 30, 2015

Market News In 2 Minutes @ 30th 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. Far East Orchard (O10) - Its wholly owned subsidiary, OPH Marymount (OPHM), has entered into a transaction with Transurban Properties, disposing its interest in two properties on Bassein road for a sum of $38.1 million. (Source : Shares Investment)

2. Midas Holdings (5EN) - Announced that its joint venture company, Nanjing SR Puzhen Rail Transport Co, secured a Rmb1.7 billion metro train contract from Shanghai Rail Transit Line 13 Development Co. The project is scheduled to be delivered by 2017. (Source : Shares Investment)

3. Thakral Corporation (T04) - Together with its subsidiary Thakral Capital Holdings (TCH), has entered into a share sale agreement to acquire 49 percent of Thakral Capital Australia (TCAP) from four vendors. TCH will allot and issue 0.3 million new shares in its capital at $80.80 per share to the vendors in consideration of the proposed acquisition, diluting Thakral Corporation’s shareholding interest by up to 25 percent upon completion of the share sales agreement. (Source : Shares Investment)


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