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10-03-2017 - UPDATE: IHC appoints informal bond steering committee
International Healthway Corporation has appointed five representatives to form an informal bond steering committee in itsrestructuring exercise.
They are Robert Morris of Oasis Management Hong Kong, Terence Lin of iFAST
Corporation, Andrew Pang (on behalf of Yong One Moi and Melvin Pang), Yeah ChiaWei of ValueMax Group and Toh Lay Hwa.
An informal meeting with all IHC creditors will be held this afternoon. This will include investors who hold IHC's outstanding S$50m 7% April 27 2017s and
its S$50m 6% February 6 2018s.
The bonds have to be redeemed by April 25 following the triggering of a change
of shareholding clause on the notes.
IHC hired FTI Consulting last month to assess its financial position. OUE is
acquiring IHC and has agreed to provide a S$50m loan at an interest of 4% to IHC
to support its working capital needs.
International Healthway Corporation has appointed five representatives to form an informal bond steering committee in itsrestructuring exercise.
They are Robert Morris of Oasis Management Hong Kong, Terence Lin of iFAST
Corporation, Andrew Pang (on behalf of Yong One Moi and Melvin Pang), Yeah ChiaWei of ValueMax Group and Toh Lay Hwa.
An informal meeting with all IHC creditors will be held this afternoon. This will include investors who hold IHC's outstanding S$50m 7% April 27 2017s and
its S$50m 6% February 6 2018s.
The bonds have to be redeemed by April 25 following the triggering of a change
of shareholding clause on the notes.
IHC hired FTI Consulting last month to assess its financial position. OUE is
acquiring IHC and has agreed to provide a S$50m loan at an interest of 4% to IHC
to support its working capital needs.
No no.The prospectus says it intends to stay listed. Unless its hands are forced.
like that IHC gona delist!
teeth53 ( Date: 05-Mar-2017 22:06) Posted:
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As at 7 Mar 5pm, the total shareholdings owned stands at 64.46%.
Maybe by (Thursday) March 30, 2017. Time: 17:30 pm.
After this execise. Let see how many accept Raidy' s, OUE Limted offer?.
To hit upto 90%, closer to due date...Hopefully, all end well. Raidy' s so far only 63.18% as of March 3, 2017.
teeth53 thot - Very slow n many not selling their share. only added another 5.58% nia nia.
teeth53 ( Date: 23-Feb-2017 08:05) Posted:
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After sales (21-02-17) by Oxley' s 35.77%. Raidy' s shr rose to 57.6%.
As of March 3, 2017. A further 5.58% were required to hit 63.18% as announcement in SGX-ST.
teeth53 ( Date: 23-Feb-2017 07:48) Posted:
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i lose money from buy 31 cents now sell 10.7 cents. i wish the directors all refer to CAD SGX and go to jail better.
Lepin888 ( Date: 23-Feb-2017 07:29) Posted:
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yes, if compulsory acquire IFC will pay you cash
yes, if not compulsory acquire and no more listed will give you physical share certificate. you better hope for the compulsory acquire. you be small shareholder in private company no use. before he sell to OUE oxley want to give $50m++ loan to IHC to pay bond in April. now OUE must give the $50m. he give $50m you kena dilute until nothing left
chrisy1p ( Date: 04-Mar-2017 16:40) Posted:
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Hi,
By 30 Mar, if IFC acquires more than 90% and decides to exercise rights to compulsorily acquire all the shares, IFC will still pay me cash?
By 30 Mar, if IFC acquires more than 90% and decides not to exercise rights to compulsorily acquire all the shares and free float requirement is less than 10%, IFC will issue me a physical share certificate?
this is how the Indonesians work. And this guy is well known of shrewd but yet ethical. His people are all well paid to do the job. Oxley? lol...
This one maybe some others BBs offering price.????.
TechnicalTrader ( Date: 23-Feb-2017 07:46) Posted:
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It' s oredi well plan n ahead when they offer to eat up Oxley' s 35.77% share in IHC.
TechnicalTrader ( Date: 23-Feb-2017 07:46) Posted:
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Nothing is too difficult for Raidy' s n family...to eat up n grow their business, with their ton on money ard.
teeth53 ( Date: 21-Feb-2017 22:16) Posted:
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it will not fall below $.114 cushion..
teeth53 ( Date: 23-Feb-2017 07:43) Posted:
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Ya. after cleaning all the shits :(, comes the sunshine...:))
It te time n some hard work for new buyer to see their business growing...No such thing as quick or easy money coming in.
TechnicalTrader ( Date: 23-Feb-2017 01:04) Posted:
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Best now to suspend and clean up mess. Also haul former directors up and refer to CAD SGX for investigations
Yup can of worms opened.....former director borrow $$ from loan sharks or similar...wuzi land in dispute and may lose all of it...money owing even to previous directors who created mess!
What a mess! What is SGX doing? IHC maybe need to be suspended again
What a mess! What is SGX doing? IHC maybe need to be suspended again
A lot of shits need to be cleared... Lucky that I had cleared my holding..
http://infopub.sgx.com/FileOpen/Further%20Update.ashx?App=Announcement& FileID=440325
Could see former directors being hauled up