Market highlights

  1. China National Chemical Corp has sought EU approval for its US$43 billion (S$58 billion) takeover of Syngenta, a deal that would make it the world's biggest maker of pesticides and agrochemicals.
  2. Roxy-Pacific Holdings bought back 40,000 of its shares from the market yesterday at 43 cents each. It paid $17,253.38 in total for the purchase. The firm has bought back 220,000 shares since April.
  3. German chemical maker Lanxess is buying US-based Chemtura Corp for about US$2.1 billion (S$2.9 billion) in cash, as it moves to grow its additives business and shift focus towards specialty chemicals.
  4. China Environment unit Fujian Dongyuan Environmental Protection has received a letter of demand from China Construction Bank for 85,801 yuan (S$17,500) in overdue interest on a working capital loan of 23 million yuan.
  5. Olam International bought back 250,000 of its shares yesterday, at prices ranging from $2.04 to $2.05 apiece. It paid $511,724.46 in total. It has bought back 38,696,200 shares since April 25.
A version of this article appeared in the print edition of The Straits Times on September 27, 2016, with the headline 'Market highlights'. Print Edition | Subscribe