Monday, May 4, 2015

Market News In 2 Minutes @ 4th May 2015 (Far East Orchard, Ramba Energy)

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. Far East Orchard (O10) - Unveiled its acquisition of four properties in Shieldfield, Newcastle upon Tyne, England for £40.9 million ($83 million), a plan that marks its move into the UK’s student housing space in a bid to push deeper into Europe and diversify its property development portfolio. (source : Shares Investment)

2. Ramba Energy (R14) - Plans to sell 14.9 percent stake in itself to an Indonesian tycoon for $18.4 million in gross proceeds to repay debt and other uses. Ramba will place out 68 million shares, or 14.9 percent of Ramba’s post-placement share capital to British Virgin Islands-incorporated Wing Harvest. Approximately $10.9 million will be used for the oil and gas business, another $4 million will be used to fully repay loan and interest from Ortus Holdings while the remaining $3 million will be used for general working capital. (source : Shares Investment)


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