Markets highlights

1 The placement of 1.06 billion new shares to private investors by investment firm Ipco International fell through. Ipco said it will keep exploring funding options, The Business Times reported.

2 The SGX All Healthcare Index has generated a 0.7 per cent total return so far this month. Among the best performers are International Healthway Corp, Pharmesis International and AsiaMedic.

3 GSS Energy chief executive Sydney Yeung Kin Bond increased his stake in the firm by two million shares on Tuesday, at an average price of 8.4 cents per share.

4 Wong Fong Industries has set up a unit in Myanmar to distribute, rent and market services of heavy machinery, including spare parts, accessories and engineering works.

5 China Everbright Water has sold a 50 per cent stake in Qingdao Everbright Water Operating to Qingdao Water Group Co for 1.1886 million yuan (S$247,000), BT reported.

A version of this article appeared in the print edition of The Straits Times on January 19, 2017, with the headline 'Markets highlights'. Print Edition | Subscribe