Stocks to watch: IHH Healthcare, Wing Tai, Silverlake Axis, Geo Energy, Nordic Group

THE following companies saw new developments that may affect trading of their securities on Monday (Aug 28):

IHH Healthcare : The dual-listed hospital operator has agreed to buy another 24.5 per cent equity stake in Ravindranath GE Medical Associates (RGE) for 7.4 billion rupees (S$121 million) in cash. This would bump up its stake in the Indian healthcare chain to 98.2 per cent from 73.6 per cent, and allow IHH to assume full control of RGE’s operations. Prior to the announcement on Friday, shares of IHH closed up 0.6 per cent or S$0.01 at S$1.75.

Wing Tai : It sank into the red for the second half-year ended June with a S$50 million net loss, which shrank net profit for the full year by 91 per cent to S$13.3 million. The property group has recommended a first and final dividend of S$0.03 per share, with an additional special dividend of S$0.02 per share. Shares in Wing Tai closed down 0.8 per cent or S$0.01 to S$1.32 on Friday, before the announcement.