Markets highlights

1 Sunmart Holdings said it is engaging the controlling shareholder of the company on coming up with an exit offer for its possible delisting. Trading in the company's shares has been suspended since April 2012.

2 Sakae Holdings has finalised its collaboration with Chilean seafood trading firm Cocosa Holdings. Sakae has entered into a deal in which it will ultimately own 51 per cent of Cocosa Export, which trades in canned and frozen seafood.

3 AP Oil International has formed a joint venture with MoneyMax Financial Services and two Chinese firms to enter the business of financial leasing in Chongqing, China. AP Oil will have 12.5 per cent of the joint venture.

4 Olam International bought back 750,000 shares yesterday for between $2.03 and $2.06 each, for a total of $1.54 million. The company has bought back about 44.7 million shares since April 25.

5 Courts Asia bought back 40,000 shares at 43 cents apiece yesterday for a total of $17,230. It has bought back 1.28 million shares since July 27.

A version of this article appeared in the print edition of The Straits Times on October 19, 2016, with the headline 'Markets highlights'. Print Edition | Subscribe