Market highlights

1 Singapore Exchange-listed ISR Capital, responding to an SGX query, has clarified that the reason executive chairman Md Wira Dani Abdul Daim stepped down was a bankruptcy order made against him by the Singapore courts.

2 SGX-listed TalkMed said executive director Ang Peng Tiam has told the firm the Singapore Medical Council has filed a cross-appeal following his own appeal. Dr Ang was fined $25,000 following a patient's complaint.

3 United Engineers said its 67.6 per cent subsidiary, WBL Corp, has sold its effective 93 per cent stake in Suzhou Speedling to Mr Zhang Xiao Dong and Mr Wu Liang for about 5.5 million yuan (S$1.1 million).

4 Crane operator Tiong Woon reported a loss of $9.7 million for the year ended June 30, compared with a profit of $12 million a year earlier. Revenue fell 4 per cent to $139.4 million. A 0.2 cent per share dividend was declared.

5 CNMC Goldmine said it will be able to mine unlimited amounts of ore at its Sokor gold mine in Kelantan, Malaysia, until Dec 31, 2034. The original lease expires in 2018.

A version of this article appeared in the print edition of The Straits Times on August 24, 2016, with the headline 'Market highlights'. Print Edition | Subscribe