Market highlights

1 With less than 10 per cent of Sim Lian Land's shares now in the public's hands, trading in the counter was suspended yesterday. The founding family controlled 99.2 per cent at the close of the delisting offer.

2 SGX-listed M Development says mediation with a total of 13 defendants, including Ms Sim Pei Yee, a former director, has been unsuccesful. The matter will now be heard in the High Court from January to March 2018.

3 SGX-listed Jason Marine Group expects to record a net loss for the six months ended Sept 30, due to lower demand for its goods and services, caused by the effects of falling oil prices and intense market competition.

4 Mermaid Maritime's joint venture firm has cut rates to retain a subsea inspection, repair and maintenance contract. It is aiming for cost efficiencies, centralisation and consolidation of its business to remain competitive.

5 SGX-listed retailer Epicentre said that it is extending the completion date for a placement agreement to Nov 20. It had earlier said it was planning a placement of up to 45.8 million new shares.

A version of this article appeared in the print edition of The Straits Times on October 12, 2016, with the headline 'Market highlights'. Print Edition | Subscribe