International Healthway requests trading halt
INTERNATIONAL Healthway Corp (IHC) has requested for a trading halt on Thursday pending an announcement.
On Wednesday, the Singapore Exchange advised investors to exercise caution when trading shares of IHC.
SGX's review of trading in IHC shares indicated that 60 per cent of the trades since April were conducted by a handful of individuals "who seem to be connected to each other", according to a filing by IHC on the exchange.
IHC has proposed to acquire Healthway Medical Corp by issuing new IHC shares.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Carnival’s Princess brand revises 2025 world cruise routes amid Red Sea tensions
Google to pay up to US$6 million to News Corp for new AI content, The Information reports
Restaurant Brands tops estimates as Burger King overhaul pays off
Yen falls after suspected intervention on Monday; eyes on Fed
US: Wall St opens lower on labour costs data
TikTok shop tops 500,000 US sellers after 2023 e-commerce launch