Monday, April 20, 2015

Market News In 2 Minutes @ 20th April 2015 (Nordic Group, United Envirotech)

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. Nordic Group (MR7) - Announced that its wholly-owned subsidiary, Multiheight Scaffolding, has been awarded a contract worth approximately $7 million, to provide labour and materials to perform scaffolding work and render scaffolding maintenance for the Carboxylate Project (CP). CP is for the addition of 3 new process units to the Chevron Plant and the associated production unit capabilities are expected to meet the growing demand of the Asia-Pacific region for the next 3 to 7 years. The project will continue up to the first quarter of 2017 with bulk of the work done by 2016. (source : Shares Investment)

2. United Envirotech (U19) - Announced on 18 April 2015 that it has added DBS Bank as a joint arranger and dealer for the Updated Medium Term Note Programme, where the maximum aggregate principal amount of the notes that may be issued has been increased from US$300 million to US$500 million. The net proceeds from each issue of Notes under the updated programme will be used by the company and/or its subsidiaries for refinancing of existing borrowings, making investments and/or acquisitions, general working capital and corporate purposes. (source : Shares Investment)

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