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Stocks In Focus SG (Figtree Hldgs, Sarine Tech, Yoma Strategic Hldgs) – 20/11/14

Shares Investment

Figtree Holdings proposed to acquire a freehold property in Melbourne for A$3.4 million. With a total land area of about 168 square metres, the property is located at 301-303 La Trobe Street and is within close proximity to a railway station and amenities such as a shopping mall and universities. The group intends to develop the property into a high rise mixed development. The purchase consideration will be funded by the company’s internal resources and bank borrowings.

Sarine Technologies announced the opening of a service center for Sarine Loupe TM diamond imaging services in New York.The service center provides a comprehensive imaging solution for the diamond trade, based on Sarine’s patented technology. Subsequently, links to the scanned images can be simultaneously sent to all potential customers worldwide for their viewing, enabling more informed, transparent as well as quicker and less expensive dealings.

Yoma Strategic Holdings and a consortium of companies, JALUX Inc and Mitsubishi Corporation, signed a concession agreement with Myanmar’s Department of Civil Aviation for the concession to operate Mandalay International Airport for 30 years. For this purpose, the three companies have established a special purpose company, MC-Jalux Airport Services (MJAS) in the following structure (JALUX: 45.5 percent, Mitsubishi: 45.5 percent and Yoma: 9 percent). MJAS will undertake the operation, rehabilitation and maintenance of airport facilities, including terminal buildings and runway (excluding air traffic control).



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