Stocks to watch: Cordlife, Seatrium, Global Invacom, Zico

THE following companies saw new developments that may affect trading of their securities on Tuesday (Apr 9):

Cordlife Group : The cord-blood bank on Monday announced that one of its cryogenic storage tanks and a dry shipper, which collectively contain about 5,300 cord-blood units, are at high risk of being adversely affected by temperature excursions. The group intends to offer a refund and waiver of annual fees to the affected active clients. Shares of Cordlife last traded at S$0.172 before the company called for a trading halt on Apr 1. The counter resumes trading on Tuesday.

Seatrium , Global Invacom : Both companies on Tuesday filed notices that they each registered three consecutive years of losses based on audited full-year consolidated accounts. Seatrium’s latest six-month average daily market capitalisation as at Apr 8 stood at S$7 billion, while Global Invacom’s was at S$13.7 million or below the S$40 million requirement to avoid being placed on the Singapore Exchange’s (SGX) watch list. Seatrium ended Monday S$0.001 or 1.2 per cent higher at S$0.085, while Global Invacom closed S$0.001 or 1.8 per cent down at S$0.056.

Zico : The professional services provider on Monday announced new appointments to its board of directors, which include Mohamed Nasser Ismail, the former global head of equity capital markets at SGX. Zico said its appointment of Nasser represents a “strategic move aimed at rejuvenating and refreshing” its board. Shares of Zico fell 18.3 per cent or S$0.011 to close at S$0.049, ahead of the news.