Market highlights

1 Tee Land has entered into six option-to-buy agreements for 2,236 sq m of land in Seraya Crescent for $25.74 million. The plan is to build a block of residential apartments.

2 ISR Capital's unit Infiniti Advantage has agreed to invest up to $2.68 million in Straits Hi-Rel - a 25 per cent stake. The firm said the investment will allow it to expand into the high-reliability engineering services business.

3 The Trendlines Group has signed a memorandum of understanding with China's Haier Hai Chuanghui Incubator and Ventures to team up to develop new technologies and support each other's portfolio companies.

4 Blackgold Natural Resources has formed a consortium with various parties to build and operate a coal-fired power plant in Riau province, Indonesia.

5 Pavillon Holdings intends to buy 107 lots in a high-rise commercial complex and adjoining vacant land in Johor Baru for RM52 million (S$16.7 million).

A version of this article appeared in the print edition of The Straits Times on September 19, 2017, with the headline 'Market highlights'. Subscribe