Market highlights

1 Keppel Reit Management, the manager of Keppel Reit, said that a 99.9 per cent-owned subsidiary of the Reit, Ocean Properties, had obtained a $505 million loan facility.

2 The industrial Reits on the SGX have a market capitalisation of $15.5 billion. The top counters are Mapletree Industrial Trust (+11.1 percent), Ascendas Reit (+2.7 per cent), Mapletree Logistics Trust (+1.7 per cent) and AIMS AMP Capital Industrial Reit (+1.4 per cent).

3 Vard Holdings has agreed in principle to end a shipbuilding contract with Rem Offshore in return for compensation. The termination is part of Rem's restructuring plan with its lenders.

4 Oceanus Group said that on April 5, it regained control of the abalone firm that had been taken over by a creditor. Oceanus is now in talks with the creditor to resolve issues.

5 Sembcorp Marine has taken a 50 per cent stake in KANFA Aragon for 20 million Norwegian kroner (S$3.2 million) from Sevan Marine. KANFA Aragon, which will use the name Aragon, is a process design and engineering group for the offshore energy industry.

A version of this article appeared in the print edition of The Straits Times on June 29, 2016, with the headline 'Market highlights'. Print Edition | Subscribe