| Latest Forum Topics / Healthway Med |
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healthway, healthy?
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Justice888
Supreme |
23-Mar-2017 12:35
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The write up says :
Both tranches will carry no coupon and will mature in five years from the date the first tranche is issued. The notes are also redeemable at maturity at 100 per cent of the principal amount, and a redemption premium that will allow Gateway to achieve an internal rate of return of 6 per cent. Can kindly advise why it will be converted to shares ?
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mepkoh
Elite |
23-Mar-2017 12:33
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when the first tranche of $10m loan converted to shares..just watch out for the big sell down..
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wonder
Member |
23-Mar-2017 12:26
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So many negative news yet price still stays firm. Wait for the dust over, price will rise as Lippo will buy up the rest. No risk no gain. | ||||
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HB8289
Master |
23-Mar-2017 11:54
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Look like alot of sell down .
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yu2000
Member |
23-Mar-2017 09:50
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When is the final closing date? 7 April?
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teeth53
Supreme |
23-Mar-2017 09:18
Yells: "don't learn through life, learn to grow with life " |
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17% of HMC share held by Fan, if Fan declare bsnkrupt....not alot meh?.
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happyharvest
Elite |
23-Mar-2017 09:17
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They need to create a lot of negative news for retailer to sell to them cheap. | ||||
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teeth53
Supreme |
23-Mar-2017 09:12
Yells: "don't learn through life, learn to grow with life " |
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HMC openeing 0.045, going 0.046c with 34 mil shr changing hands. :)😃 | ||||
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HB8289
Master |
23-Mar-2017 09:09
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Is Lippo rush to get control to   buy up ? |
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laksaman57
Supreme |
22-Mar-2017 13:18
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http://www.todayonline.com/singapore/salaries-unpaid-medicine-supply-depleting-healthway-stays-red |
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mepkoh
Elite |
22-Mar-2017 12:59
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VERY UNHEALTHY
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Tweety25
Member |
22-Mar-2017 12:05
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I see.. thanks for your reply:) do you think it will be suspended? Sorry am a newbie | ||||
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redtree
Member |
22-Mar-2017 11:42
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Normally halt 3days, aftr that wld b suspension... | ||||
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Tweety25
Member |
22-Mar-2017 11:23
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Normally how long will it take for halt to be lifted? Still no news? | ||||
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newbieinvestor
Member |
22-Mar-2017 08:21
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why HMC only tell Lippo offer never tell gateway revised offer? why only give to asiaone (http://news.asiaone.com/news/business/gateway-revises-convertible-bonds-deal-healthway) the new gateway offer? shareholder no need to see meh?  asiaone got say gateway now give $10m 5-years unsecured 6% interest. so good? so easy? real or bluff? why never tell the other condition?  |
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teeth53
Supreme |
20-Mar-2017 21:15
Yells: "don't learn through life, learn to grow with life " |
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News - HMC says it received a non-binding draft indicative term sheet from Lippo China Resources.  
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teeth53
Supreme |
20-Mar-2017 20:16
Yells: "don't learn through life, learn to grow with life " |
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Lippo (still)  asking for security in the form of a general pledge on  all of HMC' s businesses n assets. Lippo did not indicate to secure 50% shares, pass 50% mantatory role @0.042 cents Lippo Proposed On Loan to be secured by a master debenture which will be ranked above unsecured creditors (&ldquo Debenture&rdquo ) 4. Proposed Lippo Loan is to be used, will be disbursed by Offeror or LCR directly to doctors and nurses upon satisfactory supporting documents being produced.  5. The Offeror&rsquo s nominees offer to form the majority of the Board upon signing of the Debenture or as soon as the Offer closes. In addition, nominated by the Offeror (Lippo) upon signing of the Debenture agreement. The Coy will appoint a new Chief Executive Officer (CEO) and Chief Financial Officer (CFO)  6. The Coy were to organise a town hall meeting between all doctors and nurses and the representatives of the Offeror within 5 working days after signing of the loan agreement. 
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teeth53
Supreme |
20-Mar-2017 15:38
Yells: "don't learn through life, learn to grow with life " |
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LIppo offering - In return for lower rates, however (cheap n good). Lippo is still asking for security in the form of a general pledge over all of HMC' s businesses and assets. This pits Lippo directly against another investor, Cayman-based Gateway, which had earlier inked an agreement with HMC to raise $70 million. So this answer your question...
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teeth53
Supreme |
20-Mar-2017 15:27
Yells: "don't learn through life, learn to grow with life " |
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http://news.asiaone.com/news/business/gateway-revises-convertible-bonds-deal-healthway The revised terms also see S$10 million will now mature in 5-years instead of two and it will be unsecured as it will be released early. The private equity fund is also understood to be changing the redemption premium to 6% of internal rate of return (IRR) on the S$70 million principal. As part of the revised terms, GW will only appoint one non-executive director (NED) with the disbursement of the S$10 million. Its full governance rights will only kick in after shareholders' approval has been received and the S$60 million is disbursed. Insiders said revised terms are more favourable and are designed to provide a workable solution that can be implemented quickly, and thus obtain SGX-ST approval. Besides, Make Health Connect, 3rd-party administrator has made $600,000 in advance payments to Healthway to cover doctors from 39 clinics for 2-mths.  The GW grace period expires on March 23, two weeks from March 9. Note - With Lippo' s intervention, and offering to HMC shareholders, at offered price is at S$0.042, where else, some other parties would have buy the stock. The share price of HMC has since been stuck at S$0.042 or above for the past week. Lippo, which has accumulated 21.9% of total shares in HMC as of March 15, has earlier offered to buy up shares it does not own at S$0.042 each in cash.  The offer to help shareholders exit on take it or leave terms. |
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teeth53
Supreme |
20-Mar-2017 12:09
Yells: "don't learn through life, learn to grow with life " |
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http://www.straitstimes.com/sites/default/files/attachments/2017/03/19/st_20170319_xnew_3015986.pdf Whoever own HMC, guess new owner can be ensure the amount of 17% share held by Fan to pay creditor is quite subatantial, based on last halted price. |
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