Monday, March 9, 2015

Market News In 2 Minutes @ 9th 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. KLW Holdings (504) - Has agreed to acquire a five-storey freestanding office building located in Melbourne, Australia for approximately AUD12.5 million ($13.3 million), which will be funded through internal resources and debt. The property is currently classified in a mixed use zone but is subjected to potential rezoning for inclusion in a capital city zone. There are a range of potential development options for the asset, including refurbishment or redevelopment into a multi-level residential apartment, student accommodation and a boutique hotel. (source : Shares Investment)

2. KS Energy (578) - Announced that its indirect subsidiary, PT Atlantic Oilfield Services, and its joint operation partner have been awarded a US$7.2 million contract for the KS Java Star jack-updrilling rig. The contract is expected to commence in March. (source : Shares Investment)

3. Singapore Post (S08) - Its unit, SingPost eCommerce has agreed on a 33:67 joint venture (JV) with PT Trikomsel Oke, to set up an Indonesian JV company for the importation and supply of goods to e-commerce and online retailers as well as providing technical support services related to e-commerce platforms. The partnership will allow the group to leverage on Trikomsel’s distribution reach in Indonesia, which is expected to become the world’s third largest consumer base. (source : Shares Investment)


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