Market highlights

1 Sitra Holdings (International) said its unit E-Timberhub and Indonesian firm Abhi Manggala Sentosa have formed a joint venture firm, Abhi Manggala Sentosa, to supply agricultural products, mainly in Indonesia.

2 HLH Group said its chief executive Ong Bee Huat has transferred by way of gift 342,003,150 of his own shares in the firm to his son, Mr Ong Jia Ming, who also bought over 12.8 million shares in the open market for $168,567.

3 Lian Beng Group has acquired Khong Guan Industrial Building, an eight-storey freehold light industrial building at 20, Mactaggart Road, for $31 million through its wholly-owned subsidiary, Smooth Venture.

4 Ley Choon Group unit Pan Alliance Technology International has won a contract worth about $3 million from the Public Utilities Board for the supply and laying of water mains.

5 Shinvest Holding said that after a preliminary assessment of its unaudited results for the year ended Aug 31, it expects to report a full-year net loss.

A version of this article appeared in the print edition of The Straits Times on October 18, 2016, with the headline 'Market highlights'. Print Edition | Subscribe