In today’s briefing:
- Healthway Medical (HMED SP): OUE Healthcare’s Delisting Offer
Healthway Medical (HMED SP): OUE Healthcare’s Delisting Offer
- Healthway Medical Corp (HMED SP) received a delisting proposal from OUE Lippo Healthcare (IHC SP) at S$0.048 per share, a 45.5% premium to the undisturbed price (28 June).
- The key conditions are HMED shareholder approval and the offeror and concert parties representing >50% of voting rights (satisfied due to irrevocables).
- The offer price is attractive. The EGM is likely to be held in late September. The current price of S$0.046 implies a gross spread of 4.3%.
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