Market highlights

1 Vibrant Group yesterday entered into an underwriting agreement to appoint China International Capital Corporation as the lead underwriter and bookrunner to a Panda bond issue not exceeding one billion yuan.

2 Federal International (2000) is going on its first roadshow in China to market itself to the local fund managers.

3 Ace Achieve Infocom posted a 16 per cent rise in net profit to 15.2 million yuan (S$3 million) on the back of a 1 per cent rise in revenue to 237.6 million yuan for the year ended April 30.

4 Global satellite operator SES has inked an agreement with the Economic Development Board to explore greater development and innovation in satellite technologies, hardware and software tools for satellite networks.

5 Gold soared as much as 8 per cent to US$1,362.60 an ounce - its highest in more than two years - after Britain voted to leave the European Union.

A version of this article appeared in the print edition of The Straits Times on June 25, 2016, with the headline 'Market highlights'. Print Edition | Subscribe