Market highlights

1 United Engineers - the subject of a takeover bid by Yanlord Land and Perennial Real Estate - has said the offer has been extended by a week from 5.30pm yesterday to 5.30pm on Sept 19.

2 United Engineers has appointed Mr Zhong Sheng Jian, chairman and chief executive officer of Yanlord Land Group, and Mr Pua Seck Guan, CEO of Perennial Real Estate as non-independent, non-executive directors.

3 Magnus Energy has entered into a deed of settlement with Rung Capital International to settle outstanding fees of $105,776 with the issue of 105.8 million shares at 0.1 cent each.

4 Global Testing Corporation, which provides testing services such as wafer sorting, bought back 10,000 of its shares at $1.10 apiece for a total of $11,016.

5 Venture Corp's CEO Wong Ngit Liong bought 400,000 of the company's shares for $6.1 million.

A version of this article appeared in the print edition of The Straits Times on September 13, 2017, with the headline 'Market highlights'. Print Edition | Subscribe