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Mandatory offered at $0.106c n unless they says so (eg: like final offer) if they don't, then they hust leave it as it is... n if they does @$0.107c. They will have to pick up the rest @$0.107c to go private (90%).
Wondering was IHC going private?, for HMC. Think they want to retain listing statue.
For Auric Pacific case. They said is the final offered.
Wondering was IHC going private?, for HMC. Think they want to retain listing statue.
For Auric Pacific case. They said is the final offered.
TechnicalTrader ( Date: 17-Feb-2017 21:49) Posted:
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isn' t it that if they buy from one fellow .107, they must buy all at .107?
Just some investors expecting a bigger offer..
teeth53 ( Date: 17-Feb-2017 20:07) Posted:
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why Riady want to pick from open mkt at higher price?
teeth53 ( Date: 17-Feb-2017 20:07) Posted:
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IHC Pre-mkt. Price Q-ing willing to trade @0.107c. Were Riady' s going to pick from open mk or oni @0.106ct?.
Like Auric Pacific. They only willing to pick up @1.65c (no more, no less).
happyharvest ( Date: 17-Feb-2017 14:28) Posted:
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A chk on Auric Pacific, oso target to go private by Riady' s. Another 165,200 shr were pick up from open mkt.
Yesterday were 80.04%. Today added, reached 80.17% or +0.13%
happyharvest ( Date: 17-Feb-2017 15:42) Posted:
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agree. hold on for better times
pool100 ( Date: 17-Feb-2017 14:58) Posted:
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Oxley selling to OUE at dirt cheap price doesn' t mean that the rest of the shareholders have to kamikaze and do the same.
Fact is the NAV is much higher than the offer price. 10.6 cent should now be the floor going forward now that OUE are willing to pay that much for Oxley' s stake.
Remaining shareholders should reject the mandatory offer and hold tight for much better price.
still trading halt. what news they gona release? merging of HMC and IHC?
the future is bright for IHC and HMC shareholders! hang on there while both are being merged to form a bigger group. cost will be reduced as well! gogogo
teeth53 ( Date: 17-Feb-2017 12:38) Posted:
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Update Feb 17 - OUE takeover bid brings relief to IHC bondholders
OUE has launched a takeover bid, bringing a sense of relief to long-suffering bond and equity investors of the IHC Grp..
OUE acquired a 35.77% stake from IHC major shareholders Ching Chiat
Kwong, Low See Ching, Low Been Lan and Tee Wee Sien, bringing its overall
shareholding to 57.60% and triggering a mandatory general takeover.
On Jan 23.OUE announced a 12.54% stake in IHC and further lifted its holding
to 21.83% in early Feb.
IHC's bond terms stated, a change of control will occur if n when the combined stakes of Fan, Aathar Ah Kong Andrew and Jong and their family members fall under 30% of the issued share capital. Noted - Fan reduced his direct n indirect stake from 23% to 13.4% in early Feb.
Bondholders are expected to welcome the takeover bid as it brings firepower and
a long-term investor to IHC. IHC has faced financial and shareholder challenges for several mths, including a delayed coupon payment last August.
Both Ching n Low, Oxley Holdings, after taken control of IHC's board thereafter, Oxley n two individuals offered convertible loan upto S$50m to resolve IHC's liquidity, including repayment of a bond due in April.
IHC has two outstanding bonds - a S$50m 7% bond due on April 27 and a S$50m 6% note due Feb 6 2018.
OUE is offering to takeover via subsidiary Treasure Int'l Holdings, with Standard Chartered and Credit Suisse as advisers. Offering S$0.106 in cash, a 1.9% premium over share price on Feb 14, before a trading halt was called on Feb 15.
OUE is also making a takeover bid for Healthway Medical Corp (HMC) via Lippo Grp. Both Lippo and OUE were business empire of Indonesia's Riady family.
If they are eventually merged through OUE, IHC n HMC will have come full circle. IHC was set up as a joint venture with HMC to own and operate overseas
medical centres while HMC is one of the largest private healthcare in Singapore.
Thomsonreuters.com
OUE has launched a takeover bid, bringing a sense of relief to long-suffering bond and equity investors of the IHC Grp..
OUE acquired a 35.77% stake from IHC major shareholders Ching Chiat
Kwong, Low See Ching, Low Been Lan and Tee Wee Sien, bringing its overall
shareholding to 57.60% and triggering a mandatory general takeover.
On Jan 23.OUE announced a 12.54% stake in IHC and further lifted its holding
to 21.83% in early Feb.
IHC's bond terms stated, a change of control will occur if n when the combined stakes of Fan, Aathar Ah Kong Andrew and Jong and their family members fall under 30% of the issued share capital. Noted - Fan reduced his direct n indirect stake from 23% to 13.4% in early Feb.
Bondholders are expected to welcome the takeover bid as it brings firepower and
a long-term investor to IHC. IHC has faced financial and shareholder challenges for several mths, including a delayed coupon payment last August.
Both Ching n Low, Oxley Holdings, after taken control of IHC's board thereafter, Oxley n two individuals offered convertible loan upto S$50m to resolve IHC's liquidity, including repayment of a bond due in April.
IHC has two outstanding bonds - a S$50m 7% bond due on April 27 and a S$50m 6% note due Feb 6 2018.
OUE is offering to takeover via subsidiary Treasure Int'l Holdings, with Standard Chartered and Credit Suisse as advisers. Offering S$0.106 in cash, a 1.9% premium over share price on Feb 14, before a trading halt was called on Feb 15.
OUE is also making a takeover bid for Healthway Medical Corp (HMC) via Lippo Grp. Both Lippo and OUE were business empire of Indonesia's Riady family.
If they are eventually merged through OUE, IHC n HMC will have come full circle. IHC was set up as a joint venture with HMC to own and operate overseas
medical centres while HMC is one of the largest private healthcare in Singapore.
Thomsonreuters.com
Property property property...this is what it has but....hope hope hope is what it needs so downside is 10.6
Look more likely, their intention is to maintain the listing status of the Company.
happyharvest ( Date: 17-Feb-2017 00:16) Posted:
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I think the Otley pair was more than happy to exit this mess....hahaha...pass the baby on..phew
voluntary offer has condition which if not met, the offer is invalid.
mandantory offer has no condition which the offerer can receive as many acceptance as possible.
I think this should be the difference?
happyharvest ( Date: 16-Feb-2017 23:56) Posted:
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Was wondering what will be happening to HMC S70 millions, who sponsor name called - Gateway fund.
happyharvest ( Date: 16-Feb-2017 23:56) Posted:
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meaning shareholders can choose not to accept the offer?
If by mandantory, means all shareholders have to sell the shares at the offer price?
But OUE also want to maintain listing status.
Confusing.. haha
" The Offeror' s present intention is to maintain the listing status of the Company. However, in the event the Free Float Requirement is not satisfied at the close of the Offer, the Offeror will assess the options available at that time. Accordingly, the Offeror may decide not to take steps to preserve the listing status of the Company on the SGX-ST if the Free Float Requirement is not satisfied"
checkmate ( Date: 16-Feb-2017 23:34) Posted:
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Think Quarz Capital mgt kena sabo liao, for leading in the change of top mgt in IHC.
0.106c - joker. Sure kena kena jialat jialat like that....might as well clear all.
TechnicalTrader ( Date: 16-Feb-2017 23:48) Posted:
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Maybe tomorrow still got naughty ppl push up the price...
If that is the case, I will clear all...
TechnicalTrader ( Date: 16-Feb-2017 23:45) Posted:
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take it this way, they need to put in much effort to clear up the mess..
besides, they also must win a bit lor...
it is about that already lah... better than 7.7cts...
teeth53 ( Date: 16-Feb-2017 21:39) Posted:
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What can happen to IHC 42.40% remaining shares?.
Can says, no more trading liao or still can buy /sell in open mkt after it request lifting the halt?.
checkmate ( Date: 16-Feb-2017 23:34) Posted:
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