Stocks to watch: IHH Healthcare, PSC Corp, Raffles Education

THE following companies saw new developments that may affect trading of their securities on Wednesday (Jun 8):

IHH Healthcare : The hospital group on Tuesday said it is selling its medical education arm International Medical University for a total enterprise value of RM1.35 billion (S$421 million), to a consortium of investors led by The Rise Fund, TPG’s multi-sector global impact investing platform, and the Hong Leong Group. IHH Healthcare shares ended Tuesday up 1 per cent or S$0.02 at S$2.03, before the announcement.

PSC Corporation : The consumer goods company is proposing to acquire food manufacturers Dean Fa Food Co (Taiwan) and Novel Food Manufacturing (Singapore) for S$95.1 million. The proposed deal will give PSC the right to run food manufacturing and distribution operations in China, it said on Tuesday. PSC shares ended Tuesday 5.2 per cent or S$0.02 higher at S$0.41, before the announcement.