Tuesday, March 24, 2015

Market News In 2 Minutes @ 24th 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. Blackgold Natural Resources - Has proposed the disposal of its 100 percent interest in NH Enterprise (41H), Nam Hong Properties, Nam Huat Tiling & Panelling Co and Nam Tat handing, to Ace Stone (Xiamen) Co for an aggregate purchase consideration of $5000. The disposal in is line with the capital reduction exercise that the firm in undertaking. (source : Shares Investment)

2. Roxy-Pacific Holdings (E8Z) - Has entered into a 40:60 joint venture (JV) with Australia-based superannuation fund, Hostplus, for the acquisition of a 4.4-hectare land parcel in North Fremantle, Perth, Australia for A$59 million ($63 million). The deal is part of the group’s diversification strategy and the JV partners intend to rezone the industrial site for residential and commercial uses. (source : Shares Investment)

3. Singapore Windsor Holdings (Y45) - Has entered into a sale and purchase agreement for the disposal of its entire stake in its wholly-owned subsidiaries, Windsor Holding Investment and Windsor Metal Manufacture Co, for HKD 55 million ($9.8 million). The disposal comes on the back drop of a competitive environment in the circuit board business, which the two units operate in, with margins under pressure from rising labour costs in China. (source : Shares Investment)


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