Market highlights

1 Coffee-shop operator Kimly is buying a coffee shop in Bedok Reservoir Road for $850,001 and is taking over the industrial canteen at Primz Bizhub in Woodlands for $650,001.

2 Oil resumed its decline as industry data showed US crude stockpiles extended gains and as the International Energy Agency predicted new output from Opec's rivals will exceed demand growth next year, Bloomberg said.

3 World Class Global, which has property projects in Australia and Malaysia, said its IPO saw a strong response. Its 136 million invitation shares at 26 cents each were 2.1 times subscribed. Trading starts at 9am today.

4 Newly-listed Sanli Environmental said that substantial shareholder ICH Gemini Asia Growth Fund has raised its interest in Sanli from 4.838 per cent to 5.062 per cent.

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5 Property player Tiong Seng has bought back 400,000 of its shares at 27.5 cents each for a total of $110,188.

A version of this article appeared in the print edition of The Straits Times on June 15, 2017, with the headline 'Market highlights'. Print Edition | Subscribe