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Stocks to watch: Ezion, CapitaLand, RHT Health Trust, Ezra

Tuesday, March 28, 2017 - 08:46

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The following stocks may be in focus on Tuesday:

Ezion Holdings on Tuesday said it plans to take full control of existing joint ventures previously held with a unit of Swissco Holdings, and to acquire assets held within one such joint venture for more than US$60 million.

Property developer CapitaLand wants to "significantly increase" its S$2.1 billion presence in Vietnam and may build a Raffles City integrated project there, it said in a press release on Monday evening. It separately said on Tuesday it would, through its wholly-owned shopping mall business, manage the the new SingPost Centre mall.

RHT Health Trust on Monday clarified that its trustee-manager Fortis had deemed a Bloomberg article speculative. The report said the trust's major shareholder, Fortis Healthcare, was considering a buyout of all the units it didn't already own in the trust. Fortis currently owns 29.6 per cent of RHT.

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Market voices on:

Ezra Holdings on Monday night said its chief financial officer, Chan Eng Yew, has resigned. No reason was cited. Ezra this month filed for Chapter 11 protection with the US bankruptcy court.

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