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Stocks to watch: A-Sonic Aerospace, Serrano, mm2 Asia
THE following stocks had announcements that may influence trading on Wednesday.
Serrano Limited: Interior design and furniture firm Serrano Limited is convening a creditors meeting to seek an extension of the effective date of its schemes from July 3, 2017, to Sept 28, 2017.
A-Sonic Aerospace: Aircraft systems supplier A-Sonic Aerospace is proposing a bonus warrant issue of 20 bonus warrants for every one existing ordinary share. Among other things, each bonus warrant will, subject to the terms and conditions in a deed poll, entitle the warrant holder to subscribe for 5,000 new ordinary shares in the capital of the company at an exercise price of S$1.
mm2 Asia: Catalist-listed mm2 Asia has entered into an agreement to acquire 50 per cent of the Golden Village Cinema business in Singapore for S$184.25 million from Village Cinemas Australia Pty Ltd.