Market highlights

1 Ley Choon unit Chin Kuan Engineering and Contractors has secured a contract for about $3.9 million from national water agency PUB for water-main repairs and other work.

2 United Overseas Bank has priced US$650 million (S$881 million) of 3.875 per cent perpetual capital securities at an initial spread of 179.4 basis points above the five-year US dollar swap rate, The Business Times reported.

3 Frasers Centrepoint has issued $30 million of notes with a fixed rate of 4.25 per cent. These are due in 2026.

4 Warehousing and logistics firm GKE Corp posted a 53.1 per cent rise in revenue to $17.4 million for the first quarter ended Aug 31, while it reversed from a net profit to a net loss of $1.15 million.

5 SIIC Environment has received approval to start commercial operations to expand and upgraded the Hanxi Waste Water Treatment Plant.

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