Market highlights

1 Epic Land, a company associated with KOP, Lian Beng Group and KSH Holdings, will not be proceeding with its sale of eight strata units in Prudential Tower

2 OEL (Holdings) has terminated its proposed acquisition of a 51 per cent stake in Allied Resources.

3 Shanghai Pudong Development Bank and China Citic Bank offered a 12.9 billion yuan (S$2.7 billion) loan to Shanghai Zhongting, a unit of Yanlord Land. The loan is for resettlement and construction at a Shanghai redevelopment.

4 Centurion Corporation has completed its acquisition of a site in Adelaide, Australia, which will be redeveloped into purpose-built student accommodation.

5 OCBC Bank bought back 200,000 of its shares at $10.74 apiece for a total outlay of about $2.15 million.

A version of this article appeared in the print edition of The Straits Times on June 14, 2017, with the headline 'Market highlights'. Print Edition | Subscribe