Market highlights

1 Three Chinese companies have said they lack funds to repay bonds due in coming days, flagging risks that defaults may spread as manufacturers grapple with a cash crunch amid a weakening economy.

2 China Southern Airlines , Asia's biggest carrier by fleet size, has ordered 10 Airbus wide-body jets for delivery between 2017 and 2019 . The deal is valued at US$2.27 billion (S$3.2 billion) at list prices.

3 Singapore-listed Dutech Holdings, a maker of safes and machining parts, has acquired German firm Krauth Technology, which makes products such as auto-ticketing machines and money changers.

4 Singapore-listed IFS Capital has accepted a loan facility of $50 million from Phillip Credit for general working capital. Phillip Credit is an associate of IFS' substantial shareholder and director, Mr Lim Hua Min.

5 Singapore-listed Chiwayland said its Australian unit has been awarded the tender for a land parcel in Sydney for A$18.6 million (S$18.9 million). The 2,980 sq m site is expected to be developed into residential units.

A version of this article appeared in the print edition of The Straits Times on December 24, 2015, with the headline 'Market highlights'. Print Edition | Subscribe