Swing Media Technology Group Limited
SIN:5BQ ISIN:BMG8609Q1033
Swing Media Technology Group Limited (SIN:5BQ) is a Singapore-based investment holding company. The Company, and its subsidiaries, is principally engaged in the manufacturing and trading of digital versatile disk recorder (DVD-R), compact disk recorder (CD-R), V0 and computer peripherals, such as optical mouse in Hong Kong and Taiwan. It has four segments: trading of video cassette housing products (Video Cassette), trading of CD-R (CD-R), manufacturing and trading of DVD-R (DVD-R) and trading of plastic resins and packing materials (Trading). The Company’s subsidiaries include Swing Studio Ltd, Yat Lung Industrial Ltd, Smart East Industrial Limited and Man Power Technology Limited.
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News
Asian markets are set to deliver a positive start on Wednesday. US stocks rose to a fresh 17-month high overnight as the US Federal Reserve acknowledged the U.S. economy was gaining momentum and reiterated that the central bank will keep interest rates low for an extended period. Yesterday Asian shares closed mixed ahead of Federal Reserve and Bank of Japan's policy meetings. Japan's Nikkei 225 fell 0.3 per cent after three-day gains; however, China's Shanghai Composite rebounded from falls in previous two sessions. Hong Kong market shed 0.3 per cent as coal mining shares were hurt by China Shenhua's disappointing earnings.
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