Market highlights

1 Property firm Roxy-Pacific is selling the freehold property at 59 Goulburn Street, Sydney, to I-Prosperity Group and Toga D&C for A$158 million (S$166.4 million).

2 Spackman Entertainment said it expects to report a net profit for the first quarter ended March 31, compared with a net loss in the same quarter last year.

3 Keppel Offshore & Marine is selling shipyard Keppel Verolme to Damen Shipyards Group. The move comes after a strategic review and is part of efforts to rationalise its global network of yards.

4 CITIC Envirotech has secured credit facilities of up to 20 billion yuan (S$4.07 billion) for five years from China Merchants Bank to finance projects in the water and environmental sectors.

5 TA Corporation announced a rights issue of up to 120.57 million warrants at 0.3 cent per warrant. The basis is one warrant for every four shares. The proceeds will be used for general working capital.

A version of this article appeared in the print edition of The Straits Times on April 11, 2017, with the headline 'Market highlights'. Print Edition | Subscribe