Market highlights


Tuan Sing Holdings has raised the size of a bond offering to $150 million from $120 million to accommodate demand. The property company is offering three-year notes at par, at a 6 per cent coupon.


PSL Holdings narrowed its first quarter net loss to $327,000 from $798,000 previously.

Revenue for the three months ended March 31 fell by 4.5 per cent to $5 million, mainly due to lower revenue from construction logistics.


Dutch-based tea and coffee company JDE has completed the exercise of its right of compulsory acquisition of Super Group shares held by shareholders who have not accepted its offer.


TA Corporation has signed a framework agreement with Kong Hwee Iron Works & Construction to set up a joint venture to design, develop, make and distribute prefabricated building blocks.


United Airlines will start daily non-stop flights between Singapore and Los Angeles from Oct 29. At more than 14,000km, the new route is expected to be the longest scheduled non-stop flight to or from the United States.

A version of this article appeared in the print edition of The Straits Times on June 03, 2017, with the headline 'Market highlights'. Print Edition | Subscribe