Tuesday, April 14, 2015

Market News In 2 Minutes @ 14th April 2015 (Stamford Land, Civmec, Yuuzoo Corp)

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. Stamford Land Corporation (H07) - Announced that HSH Hotels (Australia), a trustee of its wholly-owned trust, signed a loan agreement with a major commercial bank for a secured term loan facility of A$265 million ($277 million). Funding the construction of its Macquarie Park Village project. Sales proceeds will be recognised in 2017 upon completion of project, with 96 percent already pre-sold. (source : Shares Investment)

2. Civmec (P9D) - Announced its entrance into a due diligence phase for the acquisition of PT Global Industries Asia Pacific (a Technip subsidiary) to have a long-term collaboration agreement with Technip for services and facilities for current and future project work globally. The proposed acquisition includes securing 21 hectares of strategically located waterfront land with deep-water access in Batam, Indonesia. Civmec believes that the considerable opportunities in the infrastructure and Subsea sectors, in addition to the long term outlook within the Oil & Gas and Mining sectors substantiates the investment in what will be a state of the art and internationally competitive facility. The transaction is due to complete in August 2015. (source : Shares Investment)

3. YuuZoo Corp (AFC) - Announced that it has signed an exclusive partnership to develop a social e-commerce network for China’s “Dream Overseas”, a leading overseas education and investment services network in China. The Dream Overseas social e-commerce network will sit within YuuZoo’s virtual shopping mall, which is fully localised and mobile-optimised for Chinese users. The marketing of the Dream Overseas social e-commerce network on TV through CBN will drive more users to YuuZoo’s virtual shopping mall, which every day is adding new users, products or partners. (source : Shares Investment)


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