Stocks to watch: IHH Healthcare, NeraTel
Add BT as a preferred source
THE following companies saw new developments that may affect trading of their securities on Thursday (Sep 5):
IHH Healthcare : The integrated healthcare provider on Wednesday announced that its indirect wholly owned subsidiary, Pantai, was proposing to fully acquire Island Hospital in Penang, Malaysia, for RM3.9 billion (S$1.2 billion) in cash. The transaction will be funded through internally generated funds of IHH and its subsidiaries, as well as external borrowings. Shares of IHH closed 0.5 per cent or S$0.01 lower at S$1.91, before the announcement.
Nera Telecommunications (NeraTel): The communications and network solutions provider has received an offer from Taiwan-listed Ennoconn Corporation for all the shares in the company it does not own at S$0.075 apiece. This comes after Ennoconn agreed to acquire nearly 53.4 per cent of the total amount of shares in NeraTel. Shares of NeraTel closed flat at S$0.08 on Wednesday, before the announcement.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
PayPal plans job cuts as its new CEO pursues turnaround strategy
MAS, bank CEOs convene over AI cyberthreats; boards told to own risks, not leave to IT teams
