Singapore Stocks To Watch: IHH Healthcare, Kimly, Aspen

THE following companies saw new developments that may affect trading of their securities on Monday (Sep 12):

IHH Healthcare: IHH Healthcare has terminated its non-binding indicative proposal for the acquisition of 100% of the Ramsay Sime Darby Healthcare shares.

In a bourse filing, the healthcare group said discussions between Ramsay Health Care Limited and Sime Darby Holdings Berhad (SDH) on the acquisition have concluded and "have not resulted in a binding agreement."

Ramsay Sime Darby Healthcare is a joint venture of Ramsay and SDH.

Kimly: Kimly’s wholly-owned subsidiary Kimly Food Products has entered into a business transfer agreement with Muginoho Global for the disposal of its confectionary business, Rive Gauche Pattisserie.

The consideration for the confectionary business’ assets is $2.8 million. Additionally, Muginoho will make payment to Kimly Food Products of an amount in cash equivalent to the aggregate daily cash float of the confectionary business as well as existing security deposits held with the landlords of the premises which are leased to operate the business.

Oxley: Oxley Holdings has announced a proposed distribution of dividend in specie from the ordinary shares it holds in Aspen Group Holdings to its shareholders.

As at Sept 8, Oxley owns some 101.34 million shares in Aspen, or a 9.4% stake in the total number of shares in the latter.

Oxley took a substantial stake in Aspen back in April 2018 after it subscribed for 97 million shares at 24 cents each.