Stocks to watch: ISEC Healthcare, Zico Holdings

THE following companies saw new developments that may affect the trading of their securities on Thursday (Apr 7):

ISEC Healthcare: 40T The Catalist-listed medical eye-care provider on Thursday proposed to acquire 2 specialist eye clinics in Ipoh and Kampar, Malaysia for RM56.7 million (S$18.3 million). It is also looking to subscribe for shares in another 3 Malaysia specialist eye clinics located in Manjung, Teluk Intan and Taiping. Shares of ISEC Healthcare closed 3.3 per cent or S$0.01 lower at S$0.29 on Wednesday.

Zico Holdings: 40W The management consulting company's indirect subsidiary Zico Trust has been served with a writ of summons, which stated that the company had received US$5 million and S$720,000 and that these funds should be returned to the plaintiff CPS German 1. The trust company is 1 among 3 other defendants in the writ, namely Seed Global Investment, Tew See Mong and Lim Soon Cheng. Shares of Catalist-listed Zico closed 1.5 per cent or S$0.001 higher to S$0.069 on Wednesday.