Thursday, March 5, 2015

Market News In 2 Minutes @ 5th 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. Oxley Holdings (5UX) - Has entered into a 49:51 joint venture (JV) with Lian Beng Group, for the development of a land parcel at Tampines North Drive 1, which has a site area of 27,395.2 square metres. The parcel was awarded to the JV company, Goldprime Land, for $64.4 million and is zoned under “Business 2”, which is intended to be utilised for industry, warehouse, utilities and telecommunication uses. (source : Shares Investment)

2. XMH Holdings (M9F) - Has acquired an 80 percent stake in Z-Power Automation, an automation services and total solutions provider engaged in the design and manufacturing for the marine and offshore industries, for $12.8 million. The company feels that the acquisition will allow it to tap on ZPA’s inherent strength to expand its product offerings for existing customers and leverage on its clientele and sales network. (source : Shares Investment)


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