As at July 3, OUE Healthcare holds about 42.28% of the total number of shares in the latter.
OUE Healthcare Limited has made a conditional exit offer to Healthway Medical Corporation’s (HMC) shareholders at 4.8 cents per share, sending its shares up 39.4% to close at 4.6 cents on July 3.
Should the offer go through, HMC will be delisted from SGX’s Catalist board. Under the delisting proposal, Oversea-Chinese Banking Corporation (OCBC), on behalf of OUE (SGX:LJ3
) Healthcare, made the offer to acquire all the issued ordinary shares which it does not own in HMC.
