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nngeeh Veteran	12-Mar-2017 15:57        nngeeh About Contact  Quote this Post!
x 0   x 0  Alert Admin	After reading the replies to SGX... I don' t trust Gateway... HME is a lousy investment. Why would Gateway put the condition of needing to exercise the option to acquire HME by 31 March as part of the condition of the notes.   teeth53      ( Date: 12-Mar-2017 14:29) Posted: Anyone, Even if is u, me and any others will want to look into their fishy Fan and daughter dealing. Don says if Lippo. Think GW oso want that too... Alvin2042      ( Date: 12-Mar-2017 14:20) Posted: Seem like the mgt is so afraid of Lippo taking over. Look something fishy abt their related transactions. Probably if Lippo take over, may unweil improper dealings n cbt.....just my thoight
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newbieinvestor Member	12-Mar-2017 14:48        newbieinvestor About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	i agree with you this one. mgt die die want borrow from gateway. pay ah long price never mind. screw minority shareholder also never mind. probably gateway he know the fishy deals. he use the company desperate for cash and the fishy deals and he press the mgt to take his ah long borrowing. after gateway enter company he never investigate the fishy deals. but he ask for the change directors, ceo, cfo so he can control his cash. he know he don' t control the cash after also missing. if the $100m can missing to party A and B then the gateway $70m also can missing la.so he must control.   Alvin2042      ( Date: 12-Mar-2017 14:20) Posted: Seem like the mgt is so afraid of Lippo taking over. Look something fishy abt their related transactions. Probably if Lippo take over, may unweil improper dealings n cbt.....just my thoight. teeth53      ( Date: 12-Mar-2017 14:05) Posted: Anything is open to any possibilities. Whether is Lippo n/or GW taking up over. On the table. Lippo case is oredi fix n will join Lippo (Riady' s n family), Gentle Care Pte Ltd. In GW case, they can oso invite oversea n/or big local (BBs) health players to come on board.
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teeth53 Supreme	12-Mar-2017 14:29        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	Anyone, Even if is u, me and any others will want to look into their fishy Fan and daughter dealing. Don says if Lippo. Think GW oso want that too... Alvin2042      ( Date: 12-Mar-2017 14:20) Posted: Seem like the mgt is so afraid of Lippo taking over. Look something fishy abt their related transactions. Probably if Lippo take over, may unweil improper dealings n cbt.....just my thoight. teeth53      ( Date: 12-Mar-2017 14:05) Posted: Anything is open to any possibilities. Whether is Lippo n/or GW taking up over. On the table. Lippo case is oredi fix n will join Lippo (Riady' s n family), Gentle Care Pte Ltd. In GW case, they can oso invite oversea n/or big local (BBs) health players to come on board.
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Alvin2042 Master	12-Mar-2017 14:20        Alvin2042 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Seem like the mgt is so afraid of Lippo taking over. Look something fishy abt their related transactions. Probably if Lippo take over, may unweil improper dealings n cbt.....just my thoight. teeth53      ( Date: 12-Mar-2017 14:05) Posted: Anything is open to any possibilities. Whether is Lippo n/or GW taking up over. On the table. Lippo case is oredi fix n will join Lippo (Riady' s n family), Gentle Care Pte Ltd. In GW case, they can oso invite oversea n/or big local (BBs) health players to come on board. nngeeh      ( Date: 12-Mar-2017 13:42) Posted: Can' t dent that there is a slight possibility of HW going into bankruptcy... it is dependent on Lippo now. They know this possibility and yet they make the offer. Hope that they are serious in taking over... and not because they are angry towards the directors. HW loan huge amount to HWE... and then write it off as impairment instead of taking legal action to recover it.... and then borrow to buy over HWE ( must be losing money business since unable to recover the loan) .... and Gateway is willing to lend huge amount on the condition it will buy this lousy HMW. I believe all shareholders with the exception of founder and directors will be unhappy. Really really fishy....
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teeth53 Supreme	12-Mar-2017 14:12        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	Whoever win, will want to bring it up, whether to court, or to pay back and I think the winner for HMC will want to see If there is any breach in those fishy decision made by old board control by Fan and daughter. nngeeh      ( Date: 12-Mar-2017 13:42) Posted: Can' t dent that there is a slight possibility of HW going into bankruptcy... it is dependent on Lippo now. They know this possibility and yet they make the offer. Hope that they are serious in taking over... and not because they are angry towards the directors. HW loan huge amount to HWE... and then write it off as impairment instead of taking legal action to recover it.... and then borrow to buy over HWE ( must be losing money business since unable to recover the loan) .... and Gateway is willing to lend huge amount on the condition it will buy this lousy HMW. I believe all shareholders with the exception of founder and directors will be unhappy. Really really fishy....  teeth53      ( Date: 12-Mar-2017 12:53) Posted: Seem to me. Look like GW may have ready the fund to take on Lippo offer. Lippo is not happi (ya. Lippo is unhappi). Basically Lippo [email protected], anything more. They Lippo (Riady' s n family) will have to up d price n pay more. At GW side. GW is looking at the extended 14-days grace period to come out with, perhap something better then nothing. it oso says HMC board had received from subscriber (GW) an alternate proposal, subject to SGX rules n regulation. SGX maybe playing the middle man role. This coming week, or next few trading days if (IF) GW alternative proposal is reasonable agree uopn by HMC board n after seen by or guided by SGX hand. Then something better nothing, maybe good or even better for HMC. The releasing of news or an more reasonable offering (the alternate proposal, the 14-days extened period), requiring timing to co-ordinate with mkt trading condition. Jusy sharing what goes through my mind.
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teeth53 Supreme	12-Mar-2017 14:05        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	Anything is open to any possibilities. Whether is Lippo n/or GW taking up over. On the table. Lippo case is oredi fix n will join Lippo (Riady' s n family), Gentle Care Pte Ltd. In GW case, they can oso invite oversea n/or big local (BBs) health players to come on board. nngeeh      ( Date: 12-Mar-2017 13:42) Posted: Can' t dent that there is a slight possibility of HW going into bankruptcy... it is dependent on Lippo now. They know this possibility and yet they make the offer. Hope that they are serious in taking over... and not because they are angry towards the directors. HW loan huge amount to HWE... and then write it off as impairment instead of taking legal action to recover it.... and then borrow to buy over HWE ( must be losing money business since unable to recover the loan) .... and Gateway is willing to lend huge amount on the condition it will buy this lousy HMW. I believe all shareholders with the exception of founder and directors will be unhappy. Really really fishy....  teeth53      ( Date: 12-Mar-2017 12:53) Posted: Seem to me. Look like GW may have ready the fund to take on Lippo offer. Lippo is not happi (ya. Lippo is unhappi). Basically Lippo [email protected], anything more. They Lippo (Riady' s n family) will have to up d price n pay more. At GW side. GW is looking at the extended 14-days grace period to come out with, perhap something better then nothing. it oso says HMC board had received from subscriber (GW) an alternate proposal, subject to SGX rules n regulation. SGX maybe playing the middle man role. This coming week, or next few trading days if (IF) GW alternative proposal is reasonable agree uopn by HMC board n after seen by or guided by SGX hand. Then something better nothing, maybe good or even better for HMC. The releasing of news or an more reasonable offering (the alternate proposal, the 14-days extened period), requiring timing to co-ordinate with mkt trading condition. Jusy sharing what goes through my mind.
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teeth53 Supreme	12-Mar-2017 13:56        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	http://pdf.reuters.com/sgxnews/sgxnews.asp?i=43059c3bf0e37541& u=urn:newsml:reuters.com:20170311:nSN801Phs HMC board has since received,  alternate proposal  from Subscriber  to meet their immediate liquidity requirements.  This  alternate proposal is  currently under review  and would be subject to all regulatory approvals and requirements. However, Board cannot provide certainty that Proposed Issuance of Notes can or will be undertaken.  Meanwhile...Coy has assessed its free cashflow position by deducting immediate outflows to determine the available cash. The  Coy has free cash of  S$1.4 mil  as of 9 March 2017  due to deferred salaries and payables.  The  Coy requires  S$10.7 mil  by 31 March 2017  to settle overdue payroll and debt obligations.  As at the date hereof, the Coy&rsquo s operations remains on-going and is likely be able to continue as a going concern albeit up to the time it can no longer satisfy its existing and/or overdue debts and obligations.  The Board will reassess the Coy&rsquo s ability to continue as a going concern as and when the aforementioned occurs, and will keep Shareholders updated as and when there are any material updates in relation to the aforementioned.  The Board and Mgt will continue to seek alternative funding and continue to engage its creditors. teeth53 thot  -  S$10.7m is a small sum  due (Friday)  31-Mar-2017. (15-days, starting from March 13th, excluding Sat n Sun, is one more day then 14-days extention).  Matter of term n condition make more palatable to SGX n HMC. Let hope those mkt players get wing of something better then nothing (whatever news). We can engage, look n draw to the pre-opening n after opening trade pice, at how share is performing on Coming Monday when halt is lifted. Just sharing my thot going through   my mind.
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nngeeh Veteran	12-Mar-2017 13:42        nngeeh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Can' t dent that there is a slight possibility of HW going into bankruptcy... it is dependent on Lippo now. They know this possibility and yet they make the offer. Hope that they are serious in taking over... and not because they are angry towards the directors. HW loan huge amount to HWE... and then write it off as impairment instead of taking legal action to recover it.... and then borrow to buy over HWE ( must be losing money business since unable to recover the loan) .... and Gateway is willing to lend huge amount on the condition it will buy this lousy HMW. I believe all shareholders with the exception of founder and directors will be unhappy. Really really fishy....  teeth53      ( Date: 12-Mar-2017 12:53) Posted: Seem to me. Look like GW may have ready the fund to take on Lippo offer. Lippo is not happi (ya. Lippo is unhappi). Basically Lippo [email protected], anything more. They Lippo (Riady' s n family) will have to up d price n pay more. At GW side. GW is looking at the extended 14-days grace period to come out with, perhap something better then nothing. it oso says HMC board had received from subscriber (GW) an alternate proposal, subject to SGX rules n regulation. SGX maybe playing the middle man role. This coming week, or next few trading days if (IF) GW alternative proposal is reasonable agree uopn by HMC board n after seen by or guided by SGX hand. Then something better nothing, maybe good or even better for HMC. The releasing of news or an more reasonable offering (the alternate proposal, the 14-days extened period), requiring timing to co-ordinate with mkt trading condition. Jusy sharing what goes through my mind.   Daxtheman      ( Date: 12-Mar-2017 11:58) Posted: What's conditions were not met prior to the disimbursement? Seems that Lippo was unhappy about gateway not wanting to take their $0.042 offer and now trying to use the SGX body to void their offer? Overall, it's a smart move as it will be cheaper for lippo to become the controlling shareholder once gateway is out. Lippo has muscle to keep Healthway going and also the legal abilities to try to recoup the fishy loans. Interesting game it i
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teeth53 Supreme	12-Mar-2017 13:17        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	Sat 11-Mar-2017 Time: 20:31:01 - Requested for Lifting Trading Halt.... Trading will start where it stop. Trading will see 0.042c verses 0.043c. Only when punters, day traders, contra players, others BBs got wind of some news. May start punting, if (IF) prices trading will seen with plenty od HMC changing hands, let hope is good news. TechnicalTrader      ( Date: 12-Mar-2017 12:17) Posted: Mr Teeth  What is going on? I sold everything at 50+  What is your opinion on this? moving higher in coming days? or year?  The TA doesn' t look good. But obviously TA cannot be used here as the bottom should be this level.    teeth53      ( Date: 12-Mar-2017 11:44) Posted: So SGX had a hand in it. --  As a result of SGX Direction.  Subscriber was unable to disburse, and  Coy did  not receive the funds of S$70 mil at the First Closing, being 9 March 2017. Notwithstanding,  Subscriber has granted Coy an extension of a 14-Days grace period  for Coy to satisfy all the First Closing Conditions, further details of which can  be found in a separate announcement released today. The 14-Days grace period allows the  Coy to continue its discussions with the Subscriber on the Proposed Issuance of Notes. The  Board has since received an alternate proposal from the Subscriber to meet these immediate  liquidity requirements. This alternate proposal is currently under review and would be subject to  all regulatory approvals and requirements. However, the Board cannot provide certainty that the  Proposed Issuance of Notes can or will be undertaken.
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teeth53 Supreme	12-Mar-2017 12:53        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	Seem to me. Look like GW may have ready the fund to take on Lippo offer. Lippo is not happi (ya. Lippo is unhappi). Basically Lippo [email protected], anything more. They Lippo (Riady' s n family) will have to up d price n pay more. At GW side. GW is looking at the extended 14-days grace period to come out with, perhap something better then nothing. it oso says HMC board had received from subscriber (GW) an alternate proposal, subject to SGX rules n regulation. SGX maybe playing the middle man role. This coming week, or next few trading days if (IF) GW alternative proposal is reasonable agree uopn by HMC board n after seen by or guided by SGX hand. Then something better nothing, maybe good or even better for HMC. The releasing of news or an more reasonable offering (the alternate proposal, the 14-days extened period), requiring timing to co-ordinate with mkt trading condition. Jusy sharing what goes through my mind.   Daxtheman      ( Date: 12-Mar-2017 11:58) Posted: What's conditions were not met prior to the disimbursement? Seems that Lippo was unhappy about gateway not wanting to take their $0.042 offer and now trying to use the SGX body to void their offer? Overall, it's a smart move as it will be cheaper for lippo to become the controlling shareholder once gateway is out. Lippo has muscle to keep Healthway going and also the legal abilities to try to recoup the fishy loans. Interesting game it is teeth53      ( Date: 12-Mar-2017 11:44) Posted: So SGX had a hand in it. --  As a result of SGX Direction.  Subscriber was unable to disburse, and  Coy did  not receive the funds of S$70 mil at the First Closing, being 9 March 2017. Notwithstanding,  Subscriber has granted Coy an extension of a 14-Days grace period  for Coy to satisfy all the First Closing Conditions, further details of which can  be found in a separate announcement released today. The 14-Days grace period allows the  Coy to continue its discussions with the Subscriber on the Proposed Issuance of Notes. The  Board has since received an alternate proposal from the Subscriber to meet these immediate  liquidity requirements. This alternate proposal is currently under review and would be subject to  all regulatory approvals and requirements. However, the Board cannot provide certainty that the  Proposed Issuance of Notes can or will be undertaken.
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teeth53 Supreme	12-Mar-2017 12:30        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	GW (subscriber) of $70m in agreement with SGX n HMC, extented 14 more days to negotiate or to come out with a solution.. Maybe this time ard, no Ah Long style loan. Hopefully perhap a more reasonable alternative n better offer from GW. To meet their immediate  liquidity requirements.  HMC oso received proposal in review n is subject to SGX rules n regulation.
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TechnicalTrader Master	12-Mar-2017 12:17        TechnicalTrader About Contact  Quote this Post! Style: Technical   Mood: Yells: "Traders perform TA using TI. Success rely on Technique used"
x 0   x 0  Alert Admin	Mr Teeth  What is going on? I sold everything at 50+  What is your opinion on this? moving higher in coming days? or year?  The TA doesn' t look good. But obviously TA cannot be used here as the bottom should be this level.    teeth53      ( Date: 12-Mar-2017 11:44) Posted: So SGX had a hand in it. --  As a result of SGX Direction.  Subscriber was unable to disburse, and  Coy did  not receive the funds of S$70 mil at the First Closing, being 9 March 2017. Notwithstanding,  Subscriber has granted Coy an extension of a 14-Days grace period  for Coy to satisfy all the First Closing Conditions, further details of which can  be found in a separate announcement released today. The 14-Days grace period allows the  Coy to continue its discussions with the Subscriber on the Proposed Issuance of Notes. The  Board has since received an alternate proposal from the Subscriber to meet these immediate  liquidity requirements. This alternate proposal is currently under review and would be subject to  all regulatory approvals and requirements. However, the Board cannot provide certainty that the  Proposed Issuance of Notes can or will be undertaken.
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Daxtheman Veteran	12-Mar-2017 11:58        Daxtheman About Contact  Quote this Post!
x 0   x 0  Alert Admin	What's conditions were not met prior to the disimbursement? Seems that Lippo was unhappy about gateway not wanting to take their $0.042 offer and now trying to use the SGX body to void their offer? Overall, it's a smart move as it will be cheaper for lippo to become the controlling shareholder once gateway is out. Lippo has muscle to keep Healthway going and also the legal abilities to try to recoup the fishy loans. Interesting game it is teeth53      ( Date: 12-Mar-2017 11:44) Posted: So SGX had a hand in it. --  As a result of SGX Direction.  Subscriber was unable to disburse, and  Coy did  not receive the funds of S$70 mil at the First Closing, being 9 March 2017. Notwithstanding,  Subscriber has granted Coy an extension of a 14-Days grace period  for Coy to satisfy all the First Closing Conditions, further details of which can  be found in a separate announcement released today. The 14-Days grace period allows the  Coy to continue its discussions with the Subscriber on the Proposed Issuance of Notes. The  Board has since received an alternate proposal from the Subscriber to meet these immediate  liquidity requirements. This alternate proposal is currently under review and would be subject to  all regulatory approvals and requirements. However, the Board cannot provide certainty that the  Proposed Issuance of Notes can or will be undertaken.
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teeth53 Supreme	12-Mar-2017 11:44        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	So SGX had a hand in it. --  As a result of SGX Direction.  Subscriber was unable to disburse, and  Coy did  not receive the funds of S$70 mil at the First Closing, being 9 March 2017. Notwithstanding,  Subscriber has granted Coy an extension of a 14-Days grace period  for Coy to satisfy all the First Closing Conditions, further details of which can  be found in a separate announcement released today. The 14-Days grace period allows the  Coy to continue its discussions with the Subscriber on the Proposed Issuance of Notes. The  Board has since received an alternate proposal from the Subscriber to meet these immediate  liquidity requirements. This alternate proposal is currently under review and would be subject to  all regulatory approvals and requirements. However, the Board cannot provide certainty that the  Proposed Issuance of Notes can or will be undertaken.
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nngeeh Veteran	12-Mar-2017 08:45        nngeeh About Contact  Quote this Post!
x 0   x 0  Alert Admin	I believe Lippo is already aware of the financial difficulty before they make the offer... but would still hope that they can step forward to provide some loan to tie things over. The shareholders will most likely help to reject the loan arrangement with Gateway. The loan is subjected to buy HME ... which is really suspicious. Once Lippo take over... they should insist of recover back the loans... instead of write off as impairment. I don' t think Lippo will provide any loan at this moment as the current uncertain situation will push more shareholders to accept the offer and thus helping a Lippo to gain control. Still without the financial... there is risk.   Alvin2042      ( Date: 12-Mar-2017 04:42) Posted: I mean shot dn..... Alvin2042      ( Date: 12-Mar-2017 04:41) Posted: Tks to SGX, HMC is saved from the irresponsible board. Needing a shareholder approval for the loan mean that this will be short dn, and likely Lippo group will step in, shareholders should instigate an EGM to overthrow the board n put in Lippo team
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Alvin2042 Master	12-Mar-2017 04:42        Alvin2042 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I mean shot dn..... Alvin2042      ( Date: 12-Mar-2017 04:41) Posted: Tks to SGX, HMC is saved from the irresponsible board. Needing a shareholder approval for the loan mean that this will be short dn, and likely Lippo group will step in, shareholders should instigate an EGM to overthrow the board n put in Lippo team. HazardKoh      ( Date: 11-Mar-2017 23:04) Posted: The Board of Directors (&ldquo Board&rdquo ) of Healthway Medical Corporation Limited (the &ldquo Company&rdquo ) refers to the Notes Announcements regarding the proposed issuance of Notes for an aggregate principal amount of S$70 million and the Singapore Exchange Securities Trading Limited (the &ldquo SGX-ST&rdquo ) requiring the Company to seek shareholders&rsquo approval (&ldquo Shareholders&rsquo Approval&rdquo ) for the issuance of the Initial Notes and CN B under Rule 803 of the Listing Manual Section B: Rules of Catalist (&ldquo Catalist Rules&rdquo ) (&ldquo SGX Direction&rdquo ). The Company had previously mentioned in its announcement dated 24 February 2017, Section B(i) in relation to the rationale for the Subscription Agreement that, inter alia, &ldquo The Company&rsquo s ability to meet its current obligations is reliant on raising sufficient liquidity on a timely basis which is provided for under the Subscription Agreement.&rdquo As a result of the SGX Direction, the Subscriber was unable to disburse, and the Company did not receive the funds of S$70 million at the First Closing, being 9 March 2017. Notwithstanding, the Subscriber has granted the Company an extension of a 14-day grace period (&ldquo 14-Days Grace Period&rdquo ) for the Company to satisfy all the First Closing Conditions, further details of which can be found in a separate announcement released today. The 14-Days Grace Period allows the Company to continue its discussions with the Subscriber on the Proposed Issuance of Notes. The Board has since received an alternate proposal from the Subscriber to meet these immediate liquidity requirements. This alternate proposal is currently under review and would be subject to all regulatory approvals and requirements. However, the Board cannot provide certainty that the Proposed Issuance of Notes can or will be undertaken. In addition, the Board has since approached an alternative source of funding or support from an existing substantial shareholder, but to no avail. The Board wishes to highlight to Shareholders that given that, as at the date of this announcement, the Group has no certainty of its sources and sufficiency of funding and taking into account the following: a) the Group faces slow receivables collection even after engaging debt collection agencies b) the Group has fixed-term borrowings which are approaching maturity without being able to secure commitment from its creditors for extension of repayment deadlines. The Group is currently facing difficulties repaying its creditors by the original maturity dates if no extensions are obtained c) the Group has difficulties in securing existing/new financing. In addition, it has also received indications of withdrawal of financial support from some of its creditors and d) the Group has not been able to meet some of its payroll requirements, the Company may not be able to continue as a going concern unless sufficient fresh funds are injected into the Company on a timely and urgent basis. 2 The Company has assessed its free cashflow position by deducting immediate outflows to determine the available cash position at any one point in time. The Company has free cash of S$1.4 million as of 9 March 2017 due to deferred salaries and payables. The Company requires S$10.7 million by 31 March 2017 to settle overdue payroll and debt obligations. As at the date hereof, the Company&rsquo s operations remains on-going and is likely to be able to continue as a going concern albeit up to the time it can no longer satisfy its existing and/or overdue debts and obligations. The Board will reassess the Company&rsquo s ability to continue as a going concern as and when the aforementioned occurs, and will keep Shareholders updated as and when there are any material updates in relation to the aforementioned. The Board and Management continue to seek alternative funding and continue to engage its creditors. Trading Caution In the meantime, the Board wishes to advise Shareholders and investors to exercise caution when dealing in the Shares and to refrain from taking any action in relation to their Shares which may be prejudicial to their interests. Persons who are in doubt as to the action they should take should consult their stockbrokers, bank managers, solicitors, accountants, tax advisers or other professional advisers immediately.
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Alvin2042 Master	12-Mar-2017 04:41        Alvin2042 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Tks to SGX, HMC is saved from the irresponsible board. Needing a shareholder approval for the loan mean that this will be short dn, and likely Lippo group will step in, shareholders should instigate an EGM to overthrow the board n put in Lippo team. HazardKoh      ( Date: 11-Mar-2017 23:04) Posted: The Board of Directors (&ldquo Board&rdquo ) of Healthway Medical Corporation Limited (the &ldquo Company&rdquo ) refers to the Notes Announcements regarding the proposed issuance of Notes for an aggregate principal amount of S$70 million and the Singapore Exchange Securities Trading Limited (the &ldquo SGX-ST&rdquo ) requiring the Company to seek shareholders&rsquo approval (&ldquo Shareholders&rsquo Approval&rdquo ) for the issuance of the Initial Notes and CN B under Rule 803 of the Listing Manual Section B: Rules of Catalist (&ldquo Catalist Rules&rdquo ) (&ldquo SGX Direction&rdquo ). The Company had previously mentioned in its announcement dated 24 February 2017, Section B(i) in relation to the rationale for the Subscription Agreement that, inter alia, &ldquo The Company&rsquo s ability to meet its current obligations is reliant on raising sufficient liquidity on a timely basis which is provided for under the Subscription Agreement.&rdquo As a result of the SGX Direction, the Subscriber was unable to disburse, and the Company did not receive the funds of S$70 million at the First Closing, being 9 March 2017. Notwithstanding, the Subscriber has granted the Company an extension of a 14-day grace period (&ldquo 14-Days Grace Period&rdquo ) for the Company to satisfy all the First Closing Conditions, further details of which can be found in a separate announcement released today. The 14-Days Grace Period allows the Company to continue its discussions with the Subscriber on the Proposed Issuance of Notes. The Board has since received an alternate proposal from the Subscriber to meet these immediate liquidity requirements. This alternate proposal is currently under review and would be subject to all regulatory approvals and requirements. However, the Board cannot provide certainty that the Proposed Issuance of Notes can or will be undertaken. In addition, the Board has since approached an alternative source of funding or support from an existing substantial shareholder, but to no avail. The Board wishes to highlight to Shareholders that given that, as at the date of this announcement, the Group has no certainty of its sources and sufficiency of funding and taking into account the following: a) the Group faces slow receivables collection even after engaging debt collection agencies b) the Group has fixed-term borrowings which are approaching maturity without being able to secure commitment from its creditors for extension of repayment deadlines. The Group is currently facing difficulties repaying its creditors by the original maturity dates if no extensions are obtained c) the Group has difficulties in securing existing/new financing. In addition, it has also received indications of withdrawal of financial support from some of its creditors and d) the Group has not been able to meet some of its payroll requirements, the Company may not be able to continue as a going concern unless sufficient fresh funds are injected into the Company on a timely and urgent basis. 2 The Company has assessed its free cashflow position by deducting immediate outflows to determine the available cash position at any one point in time. The Company has free cash of S$1.4 million as of 9 March 2017 due to deferred salaries and payables. The Company requires S$10.7 million by 31 March 2017 to settle overdue payroll and debt obligations. As at the date hereof, the Company&rsquo s operations remains on-going and is likely to be able to continue as a going concern albeit up to the time it can no longer satisfy its existing and/or overdue debts and obligations. The Board will reassess the Company&rsquo s ability to continue as a going concern as and when the aforementioned occurs, and will keep Shareholders updated as and when there are any material updates in relation to the aforementioned. The Board and Management continue to seek alternative funding and continue to engage its creditors. Trading Caution In the meantime, the Board wishes to advise Shareholders and investors to exercise caution when dealing in the Shares and to refrain from taking any action in relation to their Shares which may be prejudicial to their interests. Persons who are in doubt as to the action they should take should consult their stockbrokers, bank managers, solicitors, accountants, tax advisers or other professional advisers immediately. teeth53      ( Date: 09-Mar-2017 11:00) Posted: Halted. Isit to announce SGD$70 million payment from.GW...???.:
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HazardKoh Master	11-Mar-2017 23:04        HazardKoh About Contact  Quote this Post!
x 0   x 0  Alert Admin	The Board of Directors (&ldquo Board&rdquo ) of Healthway Medical Corporation Limited (the &ldquo Company&rdquo ) refers to the Notes Announcements regarding the proposed issuance of Notes for an aggregate principal amount of S$70 million and the Singapore Exchange Securities Trading Limited (the &ldquo SGX-ST&rdquo ) requiring the Company to seek shareholders&rsquo approval (&ldquo Shareholders&rsquo Approval&rdquo ) for the issuance of the Initial Notes and CN B under Rule 803 of the Listing Manual Section B: Rules of Catalist (&ldquo Catalist Rules&rdquo ) (&ldquo SGX Direction&rdquo ). The Company had previously mentioned in its announcement dated 24 February 2017, Section B(i) in relation to the rationale for the Subscription Agreement that, inter alia, &ldquo The Company&rsquo s ability to meet its current obligations is reliant on raising sufficient liquidity on a timely basis which is provided for under the Subscription Agreement.&rdquo As a result of the SGX Direction, the Subscriber was unable to disburse, and the Company did not receive the funds of S$70 million at the First Closing, being 9 March 2017. Notwithstanding, the Subscriber has granted the Company an extension of a 14-day grace period (&ldquo 14-Days Grace Period&rdquo ) for the Company to satisfy all the First Closing Conditions, further details of which can be found in a separate announcement released today. The 14-Days Grace Period allows the Company to continue its discussions with the Subscriber on the Proposed Issuance of Notes. The Board has since received an alternate proposal from the Subscriber to meet these immediate liquidity requirements. This alternate proposal is currently under review and would be subject to all regulatory approvals and requirements. However, the Board cannot provide certainty that the Proposed Issuance of Notes can or will be undertaken. In addition, the Board has since approached an alternative source of funding or support from an existing substantial shareholder, but to no avail. The Board wishes to highlight to Shareholders that given that, as at the date of this announcement, the Group has no certainty of its sources and sufficiency of funding and taking into account the following: a) the Group faces slow receivables collection even after engaging debt collection agencies b) the Group has fixed-term borrowings which are approaching maturity without being able to secure commitment from its creditors for extension of repayment deadlines. The Group is currently facing difficulties repaying its creditors by the original maturity dates if no extensions are obtained c) the Group has difficulties in securing existing/new financing. In addition, it has also received indications of withdrawal of financial support from some of its creditors and d) the Group has not been able to meet some of its payroll requirements, the Company may not be able to continue as a going concern unless sufficient fresh funds are injected into the Company on a timely and urgent basis. 2 The Company has assessed its free cashflow position by deducting immediate outflows to determine the available cash position at any one point in time. The Company has free cash of S$1.4 million as of 9 March 2017 due to deferred salaries and payables. The Company requires S$10.7 million by 31 March 2017 to settle overdue payroll and debt obligations. As at the date hereof, the Company&rsquo s operations remains on-going and is likely to be able to continue as a going concern albeit up to the time it can no longer satisfy its existing and/or overdue debts and obligations. The Board will reassess the Company&rsquo s ability to continue as a going concern as and when the aforementioned occurs, and will keep Shareholders updated as and when there are any material updates in relation to the aforementioned. The Board and Management continue to seek alternative funding and continue to engage its creditors. Trading Caution In the meantime, the Board wishes to advise Shareholders and investors to exercise caution when dealing in the Shares and to refrain from taking any action in relation to their Shares which may be prejudicial to their interests. Persons who are in doubt as to the action they should take should consult their stockbrokers, bank managers, solicitors, accountants, tax advisers or other professional advisers immediately. teeth53      ( Date: 09-Mar-2017 11:00) Posted: Halted. Isit to announce SGD$70 million payment from.GW...???.:) teeth53      ( Date: 07-Mar-2017 13:03) Posted: They have to deal with GW payment on n after March 9, (Thursday), and if there' s a deal. If both landed with a win win n or a good deal... They may have to halt it to announcement something, pending their this n that...(Just cross my mind)
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nngeeh Veteran	09-Mar-2017 17:24        nngeeh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Of cause " no" ..... will keep and hope Lippo can do wonders for this coy teeth53      ( Date: 09-Mar-2017 08:49) Posted: So. U selling to Lippi?. I'm doing nothing nngeeh      ( Date: 07-Mar-2017 16:34) Posted: I have already received the offer document....  nothing wrong with the offer. I' m just not familiar with the requirement on providing updates regarding the take-up rate.
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teeth53 Supreme	09-Mar-2017 11:00        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	Halted. Isit to announce SGD$70 million payment from.GW...???.:) teeth53      ( Date: 07-Mar-2017 13:03) Posted: They have to deal with GW payment on n after March 9, (Thursday), and if there' s a deal. If both landed with a win win n or a good deal... They may have to halt it to announcement something, pending their this n that...(Just cross my mind)   teeth53      ( Date: 07-Mar-2017 12:44) Posted: People' s who buy ONLY at 0.042c - must be from Lippo. There is anybody guess. Those paper work on offering, think nobody, esp small retailers were 1 2 go through such paper work. Just waiting for some form of anouncement by SGX on GW. Thursday, March 9, 2015.
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