Thursday, February 5, 2015

Market News In 2 Minutes @ 5th 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. Sim Lian Group (S05) - Proposed the acquisition of a freehold commercial property located at 59 Albany Highway, Perth, Australia, for AUD72.8 million. Apart from office units, the Grade A two-tower commercial office complex also comes with retail units and two upper levels of carpark space. The group intends to finance the acquisition via a combination of internal resources and bank borrowings. (Source : Shares Investment)

2. Soilbuild Construction Group (S7P) - Has been awarded a contract worth $26 million by the Housing & Development Board. The construction period is expected to last for approximately 18 months. (Source : Shares Investment)

3. Starburst Holdings (40D) - Has been awarded a contract worth $11.8 million for the Marina One project at Marina Way in Singapore. Under the contract, the company’s unit, Starburst Engineering will undertake the supply, fabrication, delivery, installation and warranty of facade steelworks. The contract also comes with an option worth $1.7 million for additional works. The project will commence in February 2015 and is expected to be complete in August 2016. (Source : Shares Investment)

4. Technics Oil & Gas (5CQ) - Via a subsidiary of an associate company, Wecom Engineering, bagged GRE contracts worth $7.2 million to supply, fabricate, test, install and commission the SW and Ballast systems for a customer in Singapore.  (Source : Shares Investment)


No comments:

Post a Comment

Like What You See? Subscribe To Us Here...

* indicates required