Markets highlights

1 United Engineers' largest shareholders picked Perennial Real Estate for final talks to buy the property group, Bloomberg reported, quoting sources. Perennial edged out other suitors such as KKR.

2 The judicial manager of Oriental Group has filed for an extension until July 26 to comply with the requirement to send creditors a statement of proposals.

3 A Falcon Energy unit had entered into four contracts with a Chinese builder to build four jack-up rigs. Three of those contracts have now been terminated while the terms of the fourth are being discussed.

4 Broadway Industrial Group's three consecutive years of pre-tax losses may put it on the SGX watch list but its market value of $84 million is above the $40 million minimum.

5 RHT Health Trust has issued $60 million of notes due 2018. It will pay 4.5 per cent a year.

A version of this article appeared in the print edition of The Straits Times on June 01, 2017, with the headline 'Markets highlights'. Print Edition | Subscribe