The following stocks may be in focus today:
Specialist civil engineering solutions provider Yongnam Holdings has secured two contracts worth $49.5 million. The two projects include a structural steelwork sub-contract for a proposed 19-storey mixed-use development which houses the future Outram Community Hospital in Singapore, and a specialist civil engineering sub-contract for the Hong Kong MTR Shatin to Central Line Cross Harbour Tunnel. The two contracts are expected to have a positive impact on the Group’s financial performance for the year ending Dec 31, 2016.
YuuZoo Corp has paid US$80,000 ($108,615) to GEM Global Yield Fund for agreeing to extend for the second time an agreement on a $30 million funding facility. The second amendment agreement was made on March 7, 2016. The time period to obtain the approvals would be extended for an additional 60 days, bringing the total period to obtain the approvals to 210 days. The first agreement, which had extended the time period 150 days, was signed in November 2015.
F&B group Yeo Hiap Seng has formed a 50:50 joint venture with China Huiyuan Juice Group to produce, sell and distribute beverages in Malaysia as well as other Southeast Asian markets in the future. The JV also offers an opportunity for YHS to tap onto China Huiyuan’s distribution network in China for its products, says YHS’s CEO Melvin Teo. The JV is established in Malaysia with an initial investment of RM5 million ($1.7 million). China Huiyuan is listed on the Hong Kong stock exchange, and is the largest 100% juice producer in China.
Artivision Technologies has launched a rights issue to raise up to $26.31 million to expand its media solutions business. It will issue up to 876.9 million new shares at 3 cents each, on the basis of five rights shares for every six held. The issue price is a 28.6% discount to Artivision’s last closing price of 4.2 cents on Thursday.
Anchor Resources got off to a poor start on the Catalist board on Friday. The stock opened at 18.2 cents in the morning but hit an intraday low of 14.5 cents in the afternoon before closing at 14.6 cents. Anchor Resources is engaged in the business of exploration, mining and production of gold for sale in Malaysia.
Yanlord Land Group has acquired two land parcels for RMB1.97 billion ($412.7 million). The sites are located in Haihe Academic Park, with a total GFA of 262,100 square metres.
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Specialist civil engineering solutions provider Yongnam Holdings has secured two contracts worth $49.5 million. The two projects include a structural steelwork sub-contract for a proposed 19-storey mixed-use development which houses the future Outram Community Hospital in Singapore, and a specialist civil engineering sub-contract for the Hong Kong MTR Shatin to Central Line Cross Harbour Tunnel. The two contracts are expected to have a positive impact on the Group’s financial performance for the year ending Dec 31, 2016.
YuuZoo Corp has paid US$80,000 ($108,615) to GEM Global Yield Fund for agreeing to extend for the second time an agreement on a $30 million funding facility. The second amendment agreement was made on March 7, 2016. The time period to obtain the approvals would be extended for an additional 60 days, bringing the total period to obtain the approvals to 210 days. The first agreement, which had extended the time period 150 days, was signed in November 2015.
F&B group Yeo Hiap Seng has formed a 50:50 joint venture with China Huiyuan Juice Group to produce, sell and distribute beverages in Malaysia as well as other Southeast Asian markets in the future. The JV also offers an opportunity for YHS to tap onto China Huiyuan’s distribution network in China for its products, says YHS’s CEO Melvin Teo. The JV is established in Malaysia with an initial investment of RM5 million ($1.7 million). China Huiyuan is listed on the Hong Kong stock exchange, and is the largest 100% juice producer in China.
Artivision Technologies has launched a rights issue to raise up to $26.31 million to expand its media solutions business. It will issue up to 876.9 million new shares at 3 cents each, on the basis of five rights shares for every six held. The issue price is a 28.6% discount to Artivision’s last closing price of 4.2 cents on Thursday.
Anchor Resources got off to a poor start on the Catalist board on Friday. The stock opened at 18.2 cents in the morning but hit an intraday low of 14.5 cents in the afternoon before closing at 14.6 cents. Anchor Resources is engaged in the business of exploration, mining and production of gold for sale in Malaysia.
Yanlord Land Group has acquired two land parcels for RMB1.97 billion ($412.7 million). The sites are located in Haihe Academic Park, with a total GFA of 262,100 square metres.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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