Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Event-Driven

On 16 February 2017, <a href="https://www.smartkarma.com/entities/9984" target="_blank" data-smartkarma-citation="entities:9984:1">Oue Ltd (OUE SP)</a> made a mandatory unconditional general offer ("MGO") for all the issued ordinary shares in <a href="https://www.smartkarma.com/entities/562" target="_blank" data-smartkarma-citation="entities:562:1">International Healthway Corporation Ltd (IHC SP)</a>. The MGO was triggered after OUE entered into an S&amp;P agreement with Ching Chiat Kwong, Low See Ching, Low Bee Lan Audrey and Tee Wee Sien (collectively, the "Vendors") for the purchase of 593.5m shares at SGD 0.106 / share. This Acquisition will be completed by way of married deals.Post completion, OUE will hold an aggregate of 995.7m shares of IHC, representing a 57.60% stake.IHC has been suspended from trading since 14 February 2017 and has yet to resume trading.

On 16 February 2017, Oue Ltd (OUE SP) made a mandatory unconditional general offer ("MGO") for all the issued ordinary shares in International Healthway Corporation Ltd (IHC SP). The MGO was triggered after OUE entered into an S&amp;P agreement with Ching Chiat Kwong, Low See Ching, Low Bee Lan Audrey and Tee Wee Sien (collectively, the "Vendors") for the purchase of 593.5m shares at SGD 0.106 / share. This Acquisition will be completed by way of married deals.Post completion, OUE will hold an aggregate of 995.7m shares of IHC, representing a 57.60% stake.IHC has been suspended from trading since 14 February 2017 and has yet to resume trading. 

International Healthway - OUE Buys a Controlling Stake Leading to an MGO

Transport Sector, China and Asia-focused Research

Charles De Trenck

Thematic (Sector/Industry)

Another report of potential suitors made it to market on Friday, forcing NOL to disclose there have been talks with French carrier CMA and global leader Maersk. NOL&rsquo;s shares rose some 6% to $1.05 and closer to book NAV per share around&nbsp;S$1.4 (and higher when the US dollar drifts higher). But what would make a potential transaction more interesting, if at all, keeping in mind the Hapag IPO pricing was about 25% below the original high end of the range?

Another report of potential suitors made it to market on Friday, forcing NOL to disclose there have been talks with French carrier CMA and global leader Maersk. NOL&rsquo;s shares rose some 6% to $1.05 and closer to book NAV per share around&nbsp;S$1.4 (and higher when the US dollar drifts higher). But what would make a potential transaction more interesting, if at all, keeping in mind the Hapag IPO pricing was about 25% below the original high end of the range?

NOL's Latest Potential Merger Discussions... Where is the [Partial] Exit for Temasek?

Singapore

Hafary Holdings Ltd., through its subsidiaries, supplies tiles to customers in the Singapore market. The Company imports  wide range of tiles sourced from tile manufacturers located around the world, including porcelain, ceramics and glass, as well as tiles from naturally occurring materials such as marble, granite and sandstone.

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Hafary Holdings (HAFA SP)

International Healthway - OUE Buys a Controlling Stake Leading to an MGO

On 16 February 2017, Oue Ltd (OUE SP) made a mandatory unconditional general offer ("MGO") for all the issued ordinary shares in International...

Crispin Francis

NOL's Latest Potential Merger Discussions... Where is the [Partial] Exit for Temasek?

Another report of potential suitors made it to market on Friday, forcing NOL to disclose there have been talks with French carrier CMA and global...

Charles De Trenck

Price Gauge

52-week Range

Market Cap (USDm)

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