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Stocks to watch: Centurion, S i2i, Raffles Education
THE following stocks may be in focus on Thursday:
Centurion Corporation on Thursday said it plans to acquire a site in Adelaide, Australia, for A$3.5 million (S$3.75 million) and developed it into a new 280-bed student accommodation. The total cost, including the cost of land, to develop the site is expected to be about A$45.5 million.
S i2i Ltd on Thursday said it would hold a dialogue session with its shareholders in collaboration with the Securities Investors Association Singapore (SIAS). S i2i, which distributes mobile prepaid cards and handsets and IT-related products, is facing heat from shareholders to present a plan to get the firm out of the regulator's watch-list.
A deal by a unit of Raffles Education to acquire a company that owns and operates the Sante Fe University of Art and Design in the US has been terminated, the group said in a Singapore Exchange filing on Wednesday.