Market highlights

1, Global Palm Resources has bought back 63,000 of its own shares at 38 cents apiece for a total of $24,078.

2. Silverlake Axis will develop and deliver a digital collaboration platform for the life insurance and takaful (Islamic) insurers in Malaysia which includes offering consumers self-assessment financial planning tools.

3. Pacific Radiance, a provider of integrated offshore marine support services, has secured US$45.3 million (S$62 million) worth of new contracts, including options, which will add to its operating cash flow.

4. Mermaid Maritime said its South-east Asian business units have been awarded subsea contracts from oil majors with a combined estimated potential contract value of US$4.3 million (S$6 million).

5. mm2 Asia is working with DBS Bank and Maybank Kim Eng Securities to place out 87.748 million shares at 57 cents each. mm2 has recently agreed to buy 50 per cent of the Golden Village Cinema business.

A version of this article appeared in the print edition of The Straits Times on June 16, 2017, with the headline 'Market highlights'. Print Edition | Subscribe