Market highlights

1 Sichuan Shengda missed a bond payment becoming, at least, the seventh firm to renege on obligations in the local note market this year. It missed the full 21.75 million yuan (S$4.7 million) in interest because of a cash shortage, said Reuters.

2 ST Engineering has streamlined operations in Texas in a move to strengthen its aircraft interior engineering capability and improve operational efficiency.

3 China Taisan's lawyers handling its proposed action against Shi Shi Tai San Fabric have informed China Taisan that Shi Shi's assets are less than its liabilities and that the legal representative of Shi Shi Fabric is not contactable.

4 AsiaMedic will place out 51.5 million shares to Mr Bernard Ngiam Mia Hai, Mr Alfred Ngiam Mia Hong and Mr Benjamin Ngiam Mia Kiat at the price of 5.5 cents for a total consideration of $2.2 million.

5 Select Group has signed a joint venture deal with M.W. Metropolitan International Brands to explore suitable food retail and foodcourt locations in Cambodia.

A version of this article appeared in the print edition of The Straits Times on December 08, 2015, with the headline 'Market highlights'. Print Edition | Subscribe