Friday, February 6, 2015

Market News In 2 Minutes @ 6th 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. Kitchen Culture (5TI) - Has completed the acquisition of another 30 percent of issued and paid-up share capital of Kitchen Culture (Hong Kong) for HK$6 million (approximately $1 million). The purchase consideration includes HK$3 million of advance payments made by the previous owners. The acquisition which will be funded by internal resources, is aligned with the group’s intention of further expansion of its business in Hong Kong. (Source : Shares Investment)

2. Sim Lian Group (S05) - Has been awarded the tender for a land parcel at Anchorvale Crescent which will be developed into an executive condominium housing development. The acquisition and development of the land parcel will be funded by internal resources and bank borrowings. (Source : Shares Investment)

3. Technics Oil & Gas (5CQ) - Bagged contracts worth $6 million to supply process and rotating equipment to customers in Malaysia. The award of contracts came hot on the heels of $7.2 million in deals from a Singapore customer announced earlier in the same month. (Source : Shares Investment)

4. YuuZoo (AFC) - Signed an exclusive partnership agreement with JW Lottedi Mega Malls for the development of a social e-commerce network in China. Under the agreement, YuuZoo will develop JW Lottedi’s own social e-commerce network where the developed system will subsequently be integrated into YuuZoo’s e-commerce system. (Source : Shares Investment)


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