Markets highlights

1. Big technology companies in the United States have dragged down the market. Apple shares plunged even as revenue and earnings grew, but it did issue a softer growth outlook. Microsoft's shares also slipped after posting a loss, mainly due to restructuring charges.

2. Sino Grandness Food Industry is discussing with two groups of convertible bondholders about an extension to the July 25 maturity date. One group holds 80.5 million yuan (S$17.7 million) and another group 270 million yuan.

3. Saizen Reit has announced a distribution reinvestment plan. Unitholders can opt to get more units instead of taking the distribution in cash. The move helps Saizen manage its long-term loan repayments and conserve capital for growth plans.

4.An upcoming initial public offering promises to post a positive debut. Singapore-headquartered NauticAWT, which offers engineering services for the oil and gas industry, said its offer of 28 million shares at 20 cents each on the Catalist board was 6.1 times subscribed.

5. Religare Health Trust has issued $60 million 4.5 per cent fixed-rate notes, due in 2018, payable semi-annually in arrears. The notes will mature on July 22, 2018.

A version of this article appeared in the print edition of The Straits Times on July 23, 2015, with the headline 'Markets highlights'. Print Edition | Subscribe