Markets highlights

1 GuocoLand has won the construction land-use right for a plot in Chongqing to build a mixed development comprising retail, business and residential for 3.6 billion yuan (S$745 million).

2 Lian Beng is acquiring a freehold office property with a net lettable area of approximately 11,447 sq m at 50 Franklin Street, Melbourne, for A$51.5 million (S$54 million).

3 Hor Kew said its entire writ and statement of claim, including a claim of RM197 million (S$63 million) relating to its 40 per cent share of the projected profits of a joint venture, have been struck out by the Kuala Lumpur High Court.

4 Union Steel said its unit's acquisition of 70 per cent in Megafab Engineering has been completed.

5 TMC Education has injected $3 million cash into its wholly-owned subsidiary TMC Academy.

A version of this article appeared in the print edition of The Straits Times on November 30, 2016, with the headline 'Markets highlights'. Print Edition | Subscribe