Market highlights

  1. ST Engineering joint venture firm Fortis Marine Solutions has been liquidated. It has finished building in-country capability in support services for the Republic of Singapore Navy's submarine fleet.
  2. A letter of demand from China Construction Bank to China Environment unit Fujian Dongyuan Environmental Protection has been withdrawn as the overdue interest of 85,801 yuan (S$17,650) has been paid.
  3. Vibrant Group unit Vibrant Properties has formed a joint venture with China's Fengteng International Trading to acquire a 70-year-leasehold mixed residential and commercial development site in the Chinese city of Jiangyin.
  4. ISR Capital said a rare earths mining concession in Madagascar that the firm is buying has been appraised by a second independent valuer at US$1.11 billion (S$1.55 billion). The first valued it at US$1.08 billion.
  5. Keppel DC Reit has finished its 100 per cent acquisition of a data centre in Milan, Italy. It said in August that it was buying the data centre for €37.3 million (S$56.6 million).
A version of this article appeared in the print edition of The Straits Times on October 25, 2016, with the headline 'Market highlights'. Print Edition | Subscribe