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) - Has been awarded a $3.1 million contract to undertake the design and project management for 143 units of a new condominium in Bangkok, Thailand. The project is expected to commence in April 2015 and completed in July 2017. (source : Shares Investment)
2. Pteris Global (UD3) - Has entered into a sale and purchase agreement to dispose its 30 percent stake in Shenzhen CIMC-Tianda Airport Support. The consideration of the sale takes into Tianda’s FY14 net profit, and has been calculated to be approximately Rmb250.6 million. Proceeds will be utilised for working capital and the disposal is expected to be value-accretive, which will help strengthen the firm’s financial position. (source : Shares Investment)
2. Pteris Global (UD3) - Has entered into a sale and purchase agreement to dispose its 30 percent stake in Shenzhen CIMC-Tianda Airport Support. The consideration of the sale takes into Tianda’s FY14 net profit, and has been calculated to be approximately Rmb250.6 million. Proceeds will be utilised for working capital and the disposal is expected to be value-accretive, which will help strengthen the firm’s financial position. (source : Shares Investment)
Cheers!
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