Business briefing

Two firms to join watchlist

ALLIED Technologies and Chinasing Investment Holdings will be placed on the Singapore Exchange's watchlist from March 17, after recording pre-tax losses for the three last consecutive financial years. Allied Technologies's market capitalisation as at its last-traded day was about $28.4 million, while Chinasing's was $4.5 million. They have two years to meet the criteria necessary for removal from the watchlist.

Soilbuild unit clinches $39.5m deal