Market highlights

1 Singapore eDevelopment expects a loss for the first half ended June 30, mainly because its main property project in Houston, Texas, has yet to start generating revenue.


2 King Wan secured new mechanical and electrical projects in Singapore, worth $21.6 million, from April to June, such as installing a roof drainage system for a rail and bus depot for the Thomson-East Coast Line.


3 First Reit's new $50 million credit facility from OCBC Bank will be used for property investments and working capital. The maturity date of two existing loan facilities for $122 million from OCBC will also be extended.


Fuji Offset Plates Manufacturing expects a first-half loss, given lower revenue and gross profit margin from the sale of printing cylinders caused by keen competition and the higher cost of sales.


5 Shareholder Albert Hong has ceased to be a substantial shareholder in Rowsley after his stake fell below 5 per cent. 

A version of this article appeared in the print edition of The Straits Times on August 05, 2017, with the headline 'Market highlights '. Print Edition | Subscribe