Market highlights

1. Singapore-listed Zico Holdings has launched a new unit, Zico Capital, that has been granted a capital markets services licence. It offers financial advisory and management services to private and public-listed companies.

2. Australia's Westpac bank said it had returned A$20 million (S$20.8 million) to over 800,000 customers after self-reporting problems with marketing material to the country's corporate regulator.

3. A unit of Singapore-listed Civmec has formed a joint venture company in Papua New Guinea. Civmec-Mala PNG will provide construction and engineering services to oil and gas, metals and minerals and infrastructure firms.

4. Singapore's Yoma Strategic Holdings said a wholly owned unit has been appointed the exclusive distributor for the Myanmar market by J C Bamford Excavators, the world's third-largest maker of construction equipment.

5. Sun Hung Kai Properties, Hong Kong's largest developer by market value, said full-year earnings rose 22 per cent, helped by sales of new projects. Underlying profit rose to HK$24.2 billion (S$4.2 billion).

A version of this article appeared in the print edition of The Straits Times on September 09, 2016, with the headline 'Market highlights'. Print Edition | Subscribe