Stocks to watch: Thomson Medical, Silverlake Axis, RE&S

THE following companies saw new developments that may affect trading of their securities on Tuesday (Aug 27):

Thomson Medical : The healthcare provider on Monday posted a net profit of S$13.4 million for the second half of its 2024 fiscal year ending Jun 30, down 2.5 per cent year on year. This came as higher revenue was partially offset by the termination of some project-related services in December last year. Shares of Thomson Medical closed flat at S$0.05, before the results were released.

Silverlake Axis : The enterprise technology company has received a voluntary unconditional offer to go private at S$0.36 per share in cash. Alternatively, shareholders may choose to receive a combination of cash and redeemable preference shares. Silverlake Axis ended Friday S$0.005 or 1.7 per cent higher at S$0.30 before the group requested a trading halt on Monday morning. It resumes trading on Tuesday.

RE&S : The food and beverage operator’s last day of trading will be on Aug 30 following its successful privatisation offer and the court sanctioning the deal. On Monday, RE&S announced that trading of its shares will be suspended from 9 am on Sep 2, with the company expected to be delisted around Oct 17. The counter closed flat at S$0.36, before the news. 

Trading halt: Keppel Infrastructure Trust requested a trading halt on Tuesday morning after its units ended the prior day flat at S$0.465. Its trustee-manager subsequently announced that the infrastructure business trust plans to place out new units at between S$0.426 and S$0.438 to raise gross proceeds of at least S$200 million.