Stocks to watch: Roxy-Pacific, Mencast, Healthway Medical

THE following companies made corporate announcements before the beginning of trading on Friday:

Property and hospitality group Roxy-Pacific Holdings said on Friday morning that it has, through a 50-per cent owned associate company, acquired a 14-storey commercial building at 117 Clarence Street, Sydney, Australia, for A$81 million (S$82.9 million).

Marine and oil and gas maintenance, repair and overhaul provider, Mencast Holdings, said it will place out 54.6 million new shares at a price of S$0.27 a share. The new shares represent 15 per cent of the existing issued and paid-up share capital of the company and 13 per cent of the enlarged issued and paid-up share capital of the company. Mencast last traded at S$0.245 a share.

Clinic operator Healthway Medical Corp incurred a S$3 million net loss, or 0.13 Singapore cent loss per share, for the three months ended September. The company earned S$10.7 million in the same period a year earlier.