Monday, February 2, 2015

Market News In 2 Minutes @ 2nd February 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. Ezra Holdings (5DN) - Secured multiple contracts worth US$65 million from various energy companies. The scope of work for these contracts includes a wide range of services including installation works for a floating production storage offloading vessel in Africa, as well as various engineering and offshore construction support contracts. Works on the various project activities have already commenced with offshore execution taking place in 2015 and 2016. (Source : Shares Investment)

2. Japfa (UD2) - Proposed the acquisition of the remaining 15 percent of issued share capital in Japfa Comfeed Myanmar (JCMA) for US$5.7 million after a change in the regulations of Myanmar. Post acquisition, the company will have full control over JCMA and will allow Japfa to leverage on fast growing market segment. The acquisition will be funded by both cash and bank loans. (Source : Shares Investment)

3. Perennial Real Estate Holdings (40S) - Executed a letter of participation for the acquisition of a 31.2 percent interest in AXA Tower which is located at 8 Shenton Way, Singapore, and valued at $1.2 billion. The equity investment amounts to $117.9 million. The company intends to finance the acquisition by bank borrowings. (Source : Shares Investment)

4. Roxy-Pacific Holdings (E8Z) - Proposed the acquisition of a hotel development land parcel located at 609 Wellington Street, Perth, Australia for AUD17 million. The acquisition will be funded by internal resources. (Source : Shares Investment)

5. Del  Monte Pacific (D03) - Seeking to raise up to $208.6 million through a rights issue in Singapore and the Philippines. It will issue up to 641.9 million new shares at 32.5 cents each for the exercise. Shareholders will be entitled to 493 rights shares for every 1,000 shares hold. (source : The Edge Singapore)


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