- Ley Choon Group unit Chin Kuan Engineering and Contractors has won a $9.5 million contract from the PUB for watermain repairs and network services from 2016 to 2019.
- AEM Holdings bought back 500 of its own shares yesterday at 50 cents apiece, paying $251.25 in total. It has bought 874,200 of its own shares since April 28 and now holds over 1.99 million treasury shares.
- Singapore construction and property group Chip Eng Seng is making a foray into the Maldives with Singapore- based Park Hotel Group by acquiring Kodhipparu Island Resort for US$65 million (S$89.3 million).
- Global Palm Resources bought back 39,100 of its own shares yesterday at 30 cents each, at a cost of $11,797.78. It has bought back about 1.7 million shares since April 25 and now holds over 5.4 million treasury shares.
- Keppel Land has begun buying renewable energy from Keppel Electric to power its corporate office at Bugis Junction Towers. This is expected to offset about 150,000kg of carbon emissions a year.
Market highlights
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A version of this article appeared in the print edition of The Straits Times on October 11, 2016, with the headline Market highlights. Subscribe
