Market highlights

1 Swing Media Technology Group has been hit with a winding-up petition in Hong Kong after it failed to make payment within three weeks, following a statutory demand.

2 The Straits Trading Company's Straits Real Estate has taken a 98.5 per cent stake of the distributions from a residential property in Tokyo for 448 million yen or S$5.41 million, The Business Times reported.

3 ASL Marine has raised its investment in wholly-owned subsidiary Capitol Workboats from $1 to $50,000.

4 SGX-listed Shinvest's unit has agreed to sell the leasehold property at 2 Kwong Min Road, Singapore, to Tong Tar Transport Service for $4.38 million.

5 Retail and property group Metro Holdings has set up indirect unit Shanghai Xin Luo Business Consulting with a registered capital of 2 million yuan (S$407,340) to offer business advice.

A version of this article appeared in the print edition of The Straits Times on September 30, 2017, with the headline 'Market highlights'. Print Edition | Subscribe