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EGM - International Healthway Corporation Limited will be held on 23-Jan-2017 at 2.30 p.m. at Maxwell Chambers, 32 Maxwell Road #03-01, Singapore 069115.
ORDINARY RESOLUTIONS
(1) That Mr Lim Thien Su, Gerald be removed as Director of the Company with effect from date of EGM
(2) That Ms Lim Beng Choo be removed as Director of the Company with effect from date of EGM
(3) That Mr Alviedo Rodolfo Jr San Miguel be removed as Director of the Company with effect from date of the EGM
(4) That Mr Chia Chee Hyong, Leonard be removed as Director of the Company with effect from date of the EGM
(5) That Mr Tan Chade Phang, Roger be appointed as Director of the Company with effect from date of the EGM
(6) That Mr Sho Kian Hin, Eric be appointed as Director of the Company with effect from date of the EGM
(7) That Mr Tay Eng Kiat, Jackson be appointed as Director of the Company with effect from date of the EGM
(8) That any Directors of the Company who may have been appointed between the date of the Requisition Notice and the date of the EGM be removed and
(9) The Proposed Appointment of Baker Tilly TFW LLP as Auditors of the Company.
The time is now! boot out those useless directors ASAP
TechnicalTrader ( Date: 13-Jan-2017 10:38) Posted:
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GEORGE TOWN, Cayman Islands, Jan. 13, 2017 /PRNewswire/ -- Quarz Capital Management, Ltd. (QCM), an investment manager, today issued a letter urging International Healthway Corporation to take immediate steps to address the severe undervaluation of up to 48% which its share price is trading at to its intrinsic book value.
QCM supports the new Board of Directors nominations at IHC' s EGM on the 23rd of Jan 2017 as the nominees seem to demonstrate diverse skillsets which are highly relevant to IHC. The substantial shareholders backing these candidates also have significant experience and successful track records in real estate development and value creation for shareholders. QCM believes that the newly-energized IHC will be able to rebuild its reputation, regain the trust of investors and leverage on the vast contacts and expertise of the new board and shareholders to expedite on its forward strategy.
QCM recommends IHC to deleverage its balance sheet by REIT &ndash ing and reducing its stake in its Japan nursing home asset to release capital and create a listed asset light platform to grow its management fee income. QCM proposes that the firm focuses its resources and onboards credible partners to expedite on its attractive healthcare development projects. Completed healthcare projects can be injected into the REIT to realize gains and recycle capital for further profit accretive projects.
QCM believes that its proposals can provide the required capital for IHC to commit to its core China and Malaysia healthcare development projects (hospitals, medical suites, service residences) which have the potential to become a multi-year profit growth generator for the company, supported by the strong structural demographic and increasing healthcare expenditure per capita drivers.
As these projects are executed, the valuation of IHC has the potential to rerate strongly to that in line with other established listed healthcare players in the region. Investors will additionally be rewarded by the payout of earnings and the unlocking of capital from IHC' s development projects, asset management fees (REIT) and hospital services.
QCM has delivered the following letter to International Healthway Corporation' s management team, board of directors and other stakeholders.
TechnicalTrader ( Date: 13-Jan-2017 10:33) Posted:
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So I should not be selling now right?
Huataarrhh ( Date: 13-Jan-2017 10:07) Posted:
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http://finance.yahoo.com/news/quarz-capital-management-ltd-sends-011500737.html
Open Letter to International Healthway Corporation to Engage on the Proposals to Unlock a Total Potential Return of 40% in IHC' s Share Price through the Sale of Non-Core Assets and Refocus on Key Markets.
oh dear, it is IHC today?
happyharvest ( Date: 12-Jan-2017 11:14) Posted:
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not yet EGM. I think ppl are buying to vote. Just do the right things. Once directos changed, I suspect share price to shoot up.
TechnicalTrader ( Date: 12-Jan-2017 10:54) Posted:
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Directors removed already? Px is still going up... Just enjoy the ride lor
happyharvest ( Date: 04-Jan-2017 23:45) Posted:
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agree, but must show everyone this blog so they know what' s going on.
Do the right thing. Remove those useless directors who are pulling back healthway and IHC progress.Jia liao bee
yah system won' t let me, won' t even let me PM links.
but I have done it by removing the dots.
let me try
alphaleo96162998 dot wordpress dot com
yes
alphaleo9616 ( Date: 03-Jan-2017 23:46) Posted:
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I' m a newbie here. Not sure if I can post links.
?
alphaleo9616 ( Date: 03-Jan-2017 22:50) Posted:
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Haha, I don' t think you have any idea how naughty some of the directors actually are.
I hope the useless management will be removed
Secret_Squirrel ( Date: 26-Dec-2016 17:33) Posted:
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Extraordinary General Meeting (IHC) will be held on 23 January 2017 at 2.30 p.m. at Maxwell Chambers, 32 Maxwell Road #03-01, Singapore 069115.
It involves removing and appointing some of the directors and appointment of auditors. Please refer to SGX website for details
lglg666 ( Date: 02-Nov-2016 00:51) Posted:
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Look like its at the Crossroads.....anything can happen and best to stand aside to be safe!
tradenoob ( Date: 20-Oct-2016 13:48) Posted:
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Aussie property under receivership..banks pulled loans. Source in aus said properties bought above market and valuation too high.. hmmm....wonder if deals were straight or did any director or shareholder benefitted from purchases?