Market highlights

  1. Global Palm Resources bought back 30,000 shares yesterday at 29.5 cents each, paying $8,901.15 in total. The company has bought back 1,137,100 since April 25. It now holds 4,885,800 treasury shares.
  2. Singapore-listed Megachem said its Thai unit, Megachem Thailand, has put in its initial public offering filing to Thai regulators ahead of a planned listing on the Thai Market for Alternative Investment.
  3. Singapore-listed Duty Free International said yesterday it will be transferred from Catalist to the mainboard tomorrow and trading of the company's shares on the mainboard will start at 9am that day.
  4. Hitachi Construction Machinery, the world's biggest maker of giant excavators, made a A$689 million (S$722 million) offer to acquire Bradken, an Australian supplier of mining equipment.
  5. Dutch bank ING plans to cut about 5,800 jobs in Belgium and the Netherlands over five years to reduce costs while investing in a digital transformation. It expects to save about €900 million (S$1.4 billion) a year.
A version of this article appeared in the print edition of The Straits Times on October 04, 2016, with the headline 'Market highlights'. Print Edition | Subscribe