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. Ascott Residence Trust (Ascott REIT) has entered into agreements to acquire its first serviced residence in Kuala Lumpur, Malaysia as well as Wuhan and Xi’an in China at a total property value of $173.9 million and an EBITDA yield of 5.1% on a pro forma basis for FY 2013. The accretive acquisitions are expected to increase FY 2013 distribution per unit by 1.2% from 8.71 cents1 to 8.81 cents on a pro forma basis. (source : The Edge)
2. Cordlife Group (P8A) ...
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