Market highlights

1  Catalist stocks with the strongest five-year market cap growth include Singapore Medical Group, water treatment firm Moya Holdings Asia and environmental services firm 800 Super.

2  China International unit CIHL (Tianjin) Water Development has set up a joint venture with Tianjin Lingang Public Utility called Tianjin Lingang Water, with registered capital of 20 million yuan (S$4 million).

3 Silverlake Axis plans to acquire three Silverlake entities in Malaysia: Silverlake Digital Economy; Silverlake Digitale; and Silverlake One Paradigm. All are owned by executive chairman Goh Peng Ooi, The Business Times reported.

4 Ratings agency Moody's has affirmed ESR-Reit's investment grade Baa3 rating, but changed its outlook to negative from stable after the debt-funded acquisition of 8 Tuas South Lane, BT reported.

5 SMJ plans to sell its entire stake in SMJ Furnishings to executive director and CEO Ho Pei Yuen Rena, and executive director and deputy CEO Ho Wan Jing Nellie for $13.8 million.

A version of this article appeared in the print edition of The Straits Times on October 21, 2017, with the headline 'Market highlights'. Print Edition | Subscribe