Market highlights

1 Ntegrator International has secured five contracts worth some $11 million.

Two of the contracts were awarded by its Vietnam-based customer Viettel.

2 A unit of Cosco Corp (Singapore) has delivered an oil tanker to an European buyer. Another unit has had to defer the delivery of a jack-up rig to client, KS Drilling, to Dec 31 next year due to unfavourable market conditions.

3 Singapore Myanmar Investco has entered into a franchise agreement with Crystal Jade Management (Vietnam) to operate and manage the culinary concepts under the Crystal Jade Group in Myanmar.

4 Charisma Energy Services has acquired an 80 per cent stake in an entity which holds the regulatory approvals to develop a 20-Megawatt solar photovoltaic power plant in China.

5 Dutch electronics group Philips is selling a 25 per cent stake in its lighting division through an initial public offering to raise up to 970 million euros (S$1.5 billion).

A version of this article appeared in the print edition of The Straits Times on May 17, 2016, with the headline 'Market highlights'. Print Edition | Subscribe