Market highlights

1 NikkoAM-StraitsTrading Asia ex Japan Reit exchange-traded fund made its trading debut three days ago. Priced at $1, it opened at $1.02 on Wednesday. The ETF has assets under management of $54.4 million.

2 Q&M has lodged the preliminary offer document of its unit AQMD, which it plans to spin off and list on Catalist. AQMD offers dentistry and dental specialist services and distributes dental equipment and supplies in Northern China.

3 BH Global said its joint venture firm, Gulf Specialty Steel Industries, is in breach of certain bank loan covenants. BHG had provided a corporate guarantee for such facilities undertaken by GSSI, which has $38.8 million in bank loans.

4 Boustead Projects has completed the sale of its 5.5 per cent stake in Perennial Somerset Investors, which is the owner of commercial and retail property TripleOne Somerset.

5 Noel Gifts has been awarded a contract by the People's Association to design, produce and distribute gift sets for parents with babies , which could bring in revenue of up to $3.3 million.

A version of this article appeared in the print edition of The Straits Times on April 01, 2017, with the headline 'Market highlights'. Print Edition | Subscribe