Thursday, March 19, 2015

Market News In 2 Minutes @ 19th 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) - Proposed the acquisition of a 10 percent equity stake in Jilin Gold Group Co where the amount for the acquisition will be disclosed when a value is determined. The operations of the target company include a gold mine, jewellery retailing and franchising, hotels and events management as well as a media advertising agency across China.  (source : Shares Investment)

2. Noel Gifts International (543) - Has been awarded a contract that is worth up to $7.9 million by the Monetary Authority of Singapore for the packaging, marketing and sale of numismatic currency sets. The contract is expected to contribute materially to the company’s financial performance for the financial year ending 30 June 2016. (source : Shares Investment)
3. ST Engineering (S63) - Inked a 90:10 joint venture (JV) agreement with Tenryu Holdings Co, for the production of seating solutions in aircraft. Under the agreement, the JV company, ST Aerospace Aircraft Seats will be set up, while the planned investment outlay amounts to $29.8 million. (source : Shares Investment)


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