Market highlights

1 Pacific Radiance clarified that of the US$45.3 million (S$62.9 million) in contracts that it clinched, about US$35.8 million are firm charters and the rest are options, exercisable by the charterer towards the end of the firm periods.

2 Imperium Crown unit WS Global Asset Management is finalising discussions with potential strategic partners, as it seeks to build a business revitalising real estate assets in second- and third-tier cities in China.

3 Ascott Reit said about $46.9 million of the gross proceeds from its rights issue has been used to repay borrowings. Another $1.2 million has been used to pay part of the professional fees and other expenses for the rights issue.

4 Swing Media Technology has has fully used the net proceeds of $5.1 million from its placement. Some $4.1 million was used to acquire Grace Health Group, while the remaining $1 million was used as working capital.

5 OCBC yesterday bought back 200,000 shares at $10.67 apiece, for a total cost of $2.14 million. The bank has bought back 5.8 million shares since April 28. After this purchase, it holds 9.18 million treasury shares.

A version of this article appeared in the print edition of The Straits Times on June 21, 2017, with the headline 'Market highlights'. Print Edition | Subscribe