Market highlights

1 Alibaba Group's finance affiliate, Ant Financial, is said to have bought 20 per cent of Shanghai Suntime Information Technology, a data provider tracking China hedge funds, for US$38 million (S$51.5 million).

2 Chinese conglomerate Nanshan Group will buy about 20 per cent of Virgin Australia. The new shareholders will join a board that consists of representatives of Singapore Airlines and Etihad Airways, two key shareholders.

3 Courts Asia bought back 150,000 shares from the market yesterday, at prices ranging from 34.5 cents to 35 cents apiece. The firm altogether invested $52,606 in the buyback.

4 Global Logistic Properties bought back 1.5 million shares from the market yesterday, at prices of between $1.815 and $1.845 each. The firm spent $2.74 million in total.

5 German Finance Minister Wolfgang Schauble has said other countries could quit the European Union if Britain decides to leave after June 23.

A version of this article appeared in the print edition of The Straits Times on June 11, 2016, with the headline 'Market highlights'. Subscribe