Stocks to watch: IHH Healthcare, Kimly, Aspen

THE following companies saw new developments that may affect trading of their securities on Monday (Sep 12):

IHH Healthcare : A US court has granted the mainboard-listed company’s motion to dismiss a suit brought against it by US fund Emqore Envesecure Private Capital, which sought over US$6.5 billion in damages. The company is seeking legal advice on the appropriate steps in the event of an appeal. Shares of IHH closed down S$0.02 or 1 per cent at S$1.92 on Friday, before the news.

Kimly : The Catalist-listed group is selling its confectionery business, Rive Gauche Patisserie, to Muginoho Global for a consideration of S$2.8 million. In addition to the purchase price, Muginoho Global will pay Kimly Food Products a cash amount equivalent to the aggregate daily cash float of the confectionery business, and the existing security deposits held with the landlords of premises leased by Kimly Food Products. Prior to the announcement, Kimly ended Friday flat at S$0.355.