Market highlights

1 Emas Offshore has received termination notices for the bareboat charter of two vessels - the Lewek Toucan and Lewek Pelican. The company and its units are seeking legal advice.

2 CWG International's fund management unit, Shanghai Richmont Equity Investment Management, will launch a US$20 million (S$28 million ) overseas real estate investment opportunity fund to invest in projects in Australia and the US.

Ezra Holdings has received a demand from Serimax North America for payment of US$4.45 million (S$6 million) as part of a guarantee Ezra granted in connection with a promissory note between Serimax and Emas Chiyoda Subsea.

4 Regal International Group's unit, Temasek Regal Capital, has entered into a memorandum of understanding with Twin Revenue to collaborate on development projects and source for land investments.

5 Loyz Energy has issued 465,870,885 new shares to subscribers at 2.6 Singapore cents a share, to settle a US$8.56 million (S$12 million) loan. The new shares are expected to be listed on Catalist around March 21.

A version of this article appeared in the print edition of The Straits Times on March 18, 2017, with the headline 'Market highlights'. Print Edition | Subscribe