Market highlights

1 Fung Choi Media says the SGX has no objection to its delisting. It is " hopelessly insolvent", with no prospect of a business sale or restructuring and the firm has no resources to propose any exit offer.

2 The 10 largest FTSE ST Fledgling Index counters at the end of 2016 are up 12.4 per cent this year. They include Poh Tiong Choon Logistics, Tianjin ZhongXin Pharmaceutical, MYP and Sunningdale Tech.

3 Hupsteel has sold 359, Jalan Besar for $5.23 million in cash plus GST. The rental yield has been below expectations. Hupsteel will focus on its main trading operations.

4 SIA Engineering bought back 145,000 of its shares for $4.11 to $4.16 each for a total $599,221.

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5 Keong Hong's unit Grandwood (Japan) has agreed to purchase from Samty a commercial building in Osaka, Japan, for 950 million yen (S$11.6 million). It is fully tenanted.

A version of this article appeared in the print edition of The Straits Times on June 30, 2017, with the headline 'Market highlights'. Print Edition | Subscribe