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. Yongnam Holdings (Y02) - Its Malaysian unit has agreed to sell its factory at Nusajaya, Johor, to Axis Real Estate Investment Trust before leasing it back from the REIT. Axis will pay RM153.5 million ($60.1 million) for the purchase. The property has been valued at RM167.5 million. Yongnam is expected to make a net book value gain of $9.5 million. (source : The Edge)2. STATS ChipPAC (S24) - Says the company has been served a writ of summons by ERS ...
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