Market highlights

1

Tuan Sing Holdings has raised the size of a bond offering to $150 million from $120 million to accommodate demand. The property company is offering three-year notes at par, at a 6 per cent coupon.

2

PSL Holdings narrowed its first quarter net loss to $327,000 from $798,000 previously.

Revenue for the three months ended March 31 fell by 4.5 per cent to $5 million, mainly due to lower revenue from construction logistics.

3

Dutch-based tea and coffee company JDE has completed the exercise of its right of compulsory acquisition of Super Group shares held by shareholders who have not accepted its offer.

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4

TA Corporation has signed a framework agreement with Kong Hwee Iron Works & Construction to set up a joint venture to design, develop, make and distribute prefabricated building blocks.

5

United Airlines will start daily non-stop flights between Singapore and Los Angeles from Oct 29. At more than 14,000km, the new route is expected to be the longest scheduled non-stop flight to or from the United States.

A version of this article appeared in the print edition of The Straits Times on June 03, 2017, with the headline 'Market highlights'. Print Edition | Subscribe