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Like Auric Pacific...thry required just 80% ++. Isit anything above 50% ++. It become mandatory.
Can IHC still buy n sell in open mkt or not?.
Can IHC still buy n sell in open mkt or not?.
happyharvest ( Date: 16-Feb-2017 19:41) Posted:
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10.6c only..almost no premium to mkt price
I guess OUE is trying to merge HMC and IHC together to form a bigger company !
happyharvest ( Date: 16-Feb-2017 19:44) Posted:
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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.
happyharvest ( Date: 16-Feb-2017 19:41) Posted:
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Now become MANDATORY UNCONDITIONAL CASH OFFER FOR INTERNATIONAL HEALTHWAY CORPORATION LIMITED. why they sell it away?
http://pdf.reuters.com/sgxnews/sgxnews.asp?i=43059c3bf0e37541& u=urn:newsml:reuters.com:20170216:nSN9DwZhp
The Acquisition share agreement with Vendors.
Offeror had on 16 Feb 2017 entered into a sale and purchase agreement with Ching Chiat Kwong, Low See Ching, Low Bee Lan Audrey and Tee Wee Sien (collectively, the Vendors) for the purchase of an aggregate of 593,470,029 Shares from the Vendors at S$0.106 per Share representing 35.77% of all the Shares in the capital of the Company.
The Acquisition will be completed by way of married deals. As at the date of this announcement, the Offeror, OUE Limited and OUE' s whollyowned subsidiaries together hold an aggregate of 362,204,008 Shares, representing approximately 21.83% of all the Shares in the capital of the Company.
Upon completion of the Acquisition, the Offeror together with parties acting in concert with it will hold an aggregate of 955,674,037 Shares, representing approximately 57.60% of all the Shares in the capital of the Company.
1.3 Mandatory Offer
The Offeror will, in accordance with Section 139 of the Securities and Futures Act, Chapter 289 of Singapore and Rule 14 of the Singapore Code on Takeovers and Mergers, make a mandatory unconditional cash offer for all the Shares, other than those already owned, controlled or agreed to be acquired by the Offeror and parties acting or deemed to be acting in concert with it.
2. THE OFFER
2.1 Unconditionality Upon completion of the Acquisition, the Offeror, OUE and OUE' s wholly-owned subsidiaries together will hold an aggregate of 955,674,037 Shares, representing approximately 57.60% of all the Shares in the capital of the Company, as such, the Offer will be unconditional in all respects.
2.2 The Offer Terms In accordance with Rule 14 of the Code, the Offeror will make the Offer for all the Offer Shares subject to and on the following principal terms and conditions:
(a) Offer Price. The consideration for each Offer Share will be as follows: For each Offer Share: S$0.106 in cash.
(b) No Encumbrances. The Offer Shares will be acquired:
(i) fully paid-up
(ii) free from all liens, equities, mortgages, charges, encumbrances, rights of pre-emption and other third party rights and interests of any nature whatsoever and
(iii) together with all rights, benefits and entitlements attached thereto as at the 3 date of this announcement and thereafter attaching thereto (including the right to receive and retain all dividends, rights and other distributions or return of capital, if any, which may be announced, declared, paid or made thereon by the Company) on or after the date of this announcement.
Apologies, din read the entire announcement.
Integrity ( Date: 16-Feb-2017 19:16) Posted:
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Apologies, they have already teamed up with Oxley group.
The concerted parties hold around 57 over % of the total shareholdings of IHC.
Thought got show to watch neh.
LOL
What happens to the convertible loans by Oxley.
I think the takeover news not so positive.
ahhuat08 ( Date: 16-Feb-2017 19:13) Posted:
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Huh what talking u? U didn't see who are the sellers?
ahhuat08 ( Date: 16-Feb-2017 19:13) Posted:
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OUE offers to buy all IHC shares at 0.106 per share.
This is kind of low isnt it.
Will Oxley and company strikes back?
It remains to be seen.
http://infopub.sgx.com/FileOpen/MGO%20Announcement.ashx?App=Announcement& FileID=439461
Will IHC trading beyond 11 cents?.
Both Lippo n Oxley are now holding those majority share in their control, n would certainly want to up their value.
Both Lippo n Oxley are now holding those majority share in their control, n would certainly want to up their value.
teeth53 ( Date: 14-Feb-2017 12:34) Posted:
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IHC HALTED....SOME BREWING NEWS?.
Mr Liu Jinshu, NRA Capital' s director of research, said it is not surprising.
Riady family, which controls Indonesian giant conglomerate Lippo Grp, is acquiring medical assets.
" Lippo already runs and owns the Siloam chain of hospitals in Indonesia. Therefore, acquisition of overseas medical assets is helpful to the extent. Lippo can inject its systems and processes into these assets to extract synergies."
He added: " IHC and Healthway' s share prices aren' t high. The family is essentially buying into assets on the cheap."
Riadys' move into healthcare could signal a growing interest in medical tourism, said Mr Justin Tang, director of global special situations at Religare Capital Markets.
Healthcare players, are looking at mergers and acquisitions (M& A) or collaborations to extend their footprint and diversify earnings, said OCBC Investment Research, which has a hold call on the healthcare sector.
All Riadys for growth on Healthcare.
Powerful Riady family has sent strong signals over the wk ... Riadys to go business ... for Healthway Medical Corp (HMC. IHC and Auric Pacific)
https://1newssingapore.com/riadys-to-grow-healthcare-business/
teeth53 ( Date: 14-Feb-2017 12:01) Posted:
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f..$?#_#@&..this kerier...... come and distract me....
I forget to take profit just now on this
I forget to take profit just now on this
Expecting to hover just < 11c for awhile. Players testing water. > 10 million were bot up. above 0.105c
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TechnicalTrader ( Date: 14-Feb-2017 12:48) Posted:
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aiyah,
come back to check the price... i thought i can sell at 11cts already.... Still at 10.6cts..... moody....
So far...trading is noticeable n visible, upside maybe on the card.
Total deal - 56,624,100 mil shr. Sellers - 22,645,9000 verses Buyers- 33,978,200 -
Bid : volume done at buyer's price. -
Mid : married trade / bundled trade -
Ask : volume done at seller's price
Total deal - 56,624,100 mil shr. Sellers - 22,645,9000 verses Buyers- 33,978,200 -
Bid : volume done at buyer's price. -
Mid : married trade / bundled trade -
Ask : volume done at seller's price
Imaginary is quite as satisfying
TechnicalTrader ( Date: 14-Feb-2017 11:57) Posted:
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Felt with Lippo n Oxley around. Good to hold abit longer. This morning bot some on a dip...
teeth53 ( Date: 12-Feb-2017 15:43) Posted:
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