- REITS : Cache Logistics Trust (K2LU) - Proposed the acquisition of three warehouse properties located in Australia for their valuations of AUD70 million (approximately $73.4 million). The trust intends to finance the acquisition through bank borrowings. The properties will be fully leased for a weighted average lease to expiry of 9.7 years with fixed annual escalations of 3 to 3.5 percent. (Source : Shares Investment)
- Jardine Cycle & Carriage (C07) - Via its subsidiary, Platinum Victory, acquired 8 million shares in Refrigeration ...
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 :