Markets highlights

1 Singapore Technologies Kinetics has been awarded a contract by the Ministry of Defence to produce and supply the Next Generation Armoured Fighting Vehicle. It will also provide integrated logistics support.

2 Cache Logistics Trust has completed the acquisition of a warehouse in Victoria, Australia. The Cache portfolio now comprises 19 properties in Singapore, Australia and China with a total appraised value of about $1.2 billion.

3 YuuZoo has acquired an exclusive option to buy the holding company of Cinram Europe, one of the biggest logistics and distribution companies in Europe, for 7.5 million YuuZoo shares, to add to its e-commerce capabilities.

4 China Petroleum & Chemical Corp, known as Sinopec, will buy a 75 per cent stake in Chevron Corp's South Africa unit and its Botswana retail business for about US$900 million (S$1.3 billion), Sinopec's parent firm said.

5 Maersk Line has offered concessions to European Union antitrust regulators in an attempt to get approval for the takeover of German rival Hamburg Sud.

A version of this article appeared in the print edition of The Straits Times on March 23, 2017, with the headline 'Markets highlights'. Print Edition | Subscribe