Monday, March 23, 2015

Market News In 2 Minutes @ 23rd 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. Noble Group (N21) - Has refuted allegations of the latest report from Iceberg, claiming inaccuracy and a lack of reliability. Noble announced that they will begin legal proceedings against Arnaud Vagner, a resident in Hong Kong, Enlighten Ace, a Seychelles company and any other associates, at the Hong Kong High Court for conspiracy to injure Noble Group. The management will remain focused on running the company. (source : Shares Investment)

2. REITS : Cambridge Industrial Trust (J91U) - Has acquired the remaining 40 percent interest in Cambridge SPV1 LLP from Oxley Projects for a purchase consideration of approximately $11 million. Having 60 percent stake previously, CIT now wholly owns 3 Tuas South Avenue 4, following the completion of acquisition on 20 March 2015, fully funded by existing debt facilities. (source : Shares Investment)

3. Loyz Energy (594) - Has placed out $14 million worth of shares to raise funds, in hopes to improve the company’s financial position and bolster its general corporate requirements. It turned in a net profit of US$541,000 for 1Q15, compared to a loss of $1.63 million in 1Q14. (source : Shares Investment)


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