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Stocks to watch: Raffles Medical, TT International Limited
THE following companies saw new developments that may affect trading of their shares on Monday:
Raffles Medical Group: Raffles Medical's net profit edged up 0.5 per cent to S$16.76 million from the year-ago period of S$16.67 million, the group said in a Singapore Exchange filing on Monday morning. For the three months ended June 30, revenue edged up one per cent to S$120.09 million from the previous year. Raffles Medical shares finished at S$1.275 on Friday.
TT International Limited: The troubled consumer electronics retailer company requested for a trading halt on Monday morning. It said last week that it had received a letter of demand from solicitors of Big Box Pte Ltd (BBPL), a 51 per cent subsidiary of the company, claiming repayment of S$50.75 million in alleged rental arrears. The firm will also be convening a meeting with its scheme creditors today to seek extensions of certain debt payments.