- Jumbo Group has entered into a joint venture agreement with the Beijing Hualian Group to open its first Jumbo Seafood restaurant in Beijing, China. The restaurant is scheduled to open by the third quarter.
- Sincap Group said it had received a letter of demand from lawyers acting for Fu Hao, claiming a payment of about 6.8 million yuan (S$1.4 million). The company is assessing the merits of the claims and will take appropriate action.
- Cosco Corporation (Singapore) said Cosco (Dalian) Shipyard, a subsidiary of the company's 51 per cent-owned Cosco Shipyard Group, has delivered an oil tanker to its Singaporean buyer.
- MM2 Asia said a preliminary offer document on the proposed spin-off of its unit, UnUsUaL, was lodged yesterday with the Singapore Exchange.
- CNMC Goldmine Holdings has offered to acquire full control of a company in Kelantan, Malaysia, with the rights to explore gold, iron ore and other minerals. It will pay RM2.5 million (S$790,000) in cash for KelGold Mining.
Market highlights
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A version of this article appeared in the print edition of The Straits Times on March 21, 2017, with the headline Market highlights. Subscribe
