Thursday, March 12, 2015

Market News In 2 Minutes @ 12th March 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. CNA Group (5GC) - Signed a memorandum of understanding with LiuLinxian Senzetengfei Aluminium Industry Co (LSAI) for a 5 percent shareholding to participate in the business of a bauxite processing plant and mine with estimated reserves of $600 million in Shanxi, China. The amount of investment in LSAI will be announced after due diligence is conducted. (source : Shares Investment)

2. Global Logistic Properties (MC0) - Has signed four new lease agreements totalling 63,000 square metres in China. These new tenants ranged across different industries, including e-commerce, packaged foods and pharmaceutical where three of them are multi-location tenants of GLP in China. (source : Shares Investment)
3. Oxley Holdings (5UX) - Agreed to purchase a property located at 1603 and 1604 Akasaka 2-chome, Minato-ku in Tokyo, Japan for JPY655 million. The property consists of an 11-storey residential condominium with total gross floor area of 651.1 square metres which is erected on a freehold land parcel measuring 165.3 square metres. The acquisition will be funded by internal resources and bank borrowings. (source : Shares Investment) 
4. Pacific Radiance (T8V) - Via its subsidiary, Crest Offshore Marine, acquired an additional 1.3 million shares in the share capital of Radiance ZJ, a joint venture with Jiangsu Zhenjiang Shipyard (Group) Co, for US$1.3 million. Post acquisition, Crest will own 63 percent of equity interest in the target company. (source : Shares Investment) 

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