OUE Healthcare    Last:0.042    +0.002

IHC

Both company has not really realise their potiential truth value, as both has not go on to be fully develop.

Having said. Please do ur own due diligence, only for long term. Short term - HAPPI SPECULATING n TRADING.

lglg666      ( Date: 23-Sep-2016 16:30) Posted: Today belong to this stock.....higher by 38% so far with a nice volume to support the whole move.

 

Oxley deputy ceo may want to make aware to various stake holders their truth value. 

IHC has it potiential value to strategy like Qxley, into medical property play n

Healthway becoming as a pro medical Co (hospital play).

Both company now are in their infant stage....

alexchew      ( Date: 23-Sep-2016 15:03) Posted: If oxley ceo/deputy ceo need more money to buy up IHC,   Will they probably declare more dividends or faster way is to increase their salaries in oxley? Take over battle is costly..

 

Healthway Medical is a profitable Co. IHC is battle on by vested interest among vested stake holdings.

Both are related, IHC share has significant gone up, while Healthway is just seen accumulating by more players interest.

 

 

happyharvest      ( Date: 23-Sep-2016 09:56) Posted: There's have been interest in ihc and healthway lately. What's cooking?

 

Today belong to this stock.....higher by 38% so far with a nice volume to support the whole move.

 

If oxley ceo/deputy ceo need more money to buy up IHC,   Will they probably declare more dividends or faster way is to increase their salaries in oxley?

Take over battle is costly..

 

Very interesting to watch !!

teeth53      ( Date: 23-Sep-2016 13:09) Posted: To do so. One need to own more shares. So who will own more shares?. teeth53 thot - There will be some buying activities by vested to own more ahares. Who?. teeth53      ( Date: 10-Sep-2016 07:41) Posted: The taking over is on going n it allow others to gain control. News published on ST paper said Receivers take control of IHCs Aussie properties. IHC porperty developing seem to defaulted on loan, rasing liquidity concerns. It posted a net loss of $869,000.oo for last 3-mounths to June 30.

 

To do so. One need to own more shares.
So who will own more shares?.
teeth53 thot - There will be some buying activities by vested to own more ahares. Who?.

teeth53      ( Date: 10-Sep-2016 07:41) Posted: The taking over is on going n it allow others to gain control. News published on ST paper said Receivers take control of IHCs Aussie properties. IHC porperty developing seem to defaulted on loan, rasing liquidity concerns. It posted a net loss of $869,000.oo for last 3-mounths to June 30. teeth53      ( Date: 07-Sep-2016 08:27) Posted: Two IHC shareholders of want four directors removed IHC said Eric Low and his sister Audrey, who hold a total 11.17% stake in the healthcare firm, sent a notice to the company's directors last week. Calling for an EGM to be convened and are proposing to remove Ms Lim Beng Choo, an executive director whose role is similar to that of a chief executive. They also propose that non-independent non-executive chairman Gerald Lim Thien Su, as well as independent directors Ong Lay Khiam and Leonard Chia Chee Hyong, be removed from the board. Mr Low, a deputy CEO of Oxley Holdings, didn't state why?, but this struggle has played out before. In June, Mr Low and Oxley chairman and CEO Ching Chiat Kwong, who together held a 26.25% stake in IHC, nominated three new independent directors to stand for election at IHC's AGM in July. The resolutions failed to pass, the three nominees receiving less than 43% vote. IHC said it was verifying shareholdings of the Lows and seeking legal advice on the validity of their request. Also on Monday night, a strange set of disclosures to the SGX Exch was made by Healthway Medical Corp (HMC). This was the firm that spun off IHC in 2010. The disclosures detailed transactions made on April 13 that had altered the size of substantial shareholder Fan Kow Hin's deemed interest in HMC. But HMC was notified of these changes only last Friday - months later.

 

how about pump and dump to trap retail chasers?

tradenoob      ( Date: 23-Sep-2016 11:07) Posted: I thought the requisition will cause further sell pressure but surprising opposite trend. hmm...

 

I thought the requisition will cause further sell pressure but surprising opposite trend. hmm...

 

There's have been interest in ihc and healthway lately. What's cooking?

 

Havent ihc directors heard of cross default? Once crest capital loan in default all others follow....bonds next then bank loans

 

International Healthway Corporation (IHC) said the appointment of receivers by its two Australian bank lenders, Westpac and National Australia Bank (NAB), to IHC?s three properties in Australia is a consequence of the disputed appointment of receivers by Crest Funds.

IHC said in a clarification to. Straits Times report on Sept 10 that the Crest Receivers have ?lodged unlawful caveats over three Australian properties?, which caused alarm to two Australian bank lenders.

The caveats were voluntarily and unconditionally withdrawn on July 13 ?as there was no legal basis? to their lodgement, IHC said in a Singapore Exchange filing.

As a consequence, Westpac and NAB have appointed the Australian receivers over IHC?s two St Kilda Road properties and the Geelong property respectively.

Citing on Australian Business Review report on Westpac and NAB taking receivership of the three properties, the ST article on Sat questioned why shareholders and bondholders were not updated sooner by IHC board of director.

As IHC claimed, the total fair value of Australian properties is S$117.145 mil, well in excess of the outstanding amounts of A$68.125 mil (S$69.8m) currently owed as loans from NAB, Westpac and Qualitas Real Estate Finance Pty Ltd.

?Prior to the appointment of Westpac and NAB Receivers?, the coy?s negotiations for sale of two St Kilda Road properties to two separate independent third parties were at advanced stages,? IHC said.

?Proposed gross sale of two St Kilda Road properties aggregated A$104.25 mil, that exceeds combined total fair value of the said properties@S$89.81m and represents a substantial gain over the coy?s original purchase prices,? it said.

?Westpac and Qualitas had been kept informed of these two sale negotiations. To the best of Coy?s knowledge, Westpac Receivers intend to proceed with the proposed sales of the two St Kilda Road properties,? it added.

IHC disputed Crest Fund?s appointment of receivers over the shares of the former?s three subsidiaries, which are the intermediate beneficial owners and/or mgrs for three Australian properties.

Crest Fund has claimed a total outstanding amt of S$34m under loan arrangements against IHC. The claim is subject to dispute and now a matter before the High Court through a suit lodged by IHC.

Of the amount of S$34 million claimed by Crest Fund, only S$5.26 million was recognised on IHC?s balance sheet

teeth53      ( Date: 10-Sep-2016 07:41) Posted: The taking over is on going n it allow others to gain control. News published on ST paper said Receivers take control of IHCs Aussie properties. IHC porperty developing seem to defaulted on loan, rasing liquidity concerns. It posted a net loss of $869,000.oo for last 3-mounths to June 30. teeth53      ( Date: 07-Sep-2016 08:27) Posted: Two IHC shareholders of want four directors removed IHC said Eric Low and his sister Audrey, who hold a total 11.17% stake in the healthcare firm, sent a notice to the company's directors last week. Calling for an EGM to be convened and are proposing to remove Ms Lim Beng Choo, an executive director whose role is similar to that of a chief executive. They also propose that non-independent non-executive chairman Gerald Lim Thien Su, as well as independent directors Ong Lay Khiam and Leonard Chia Chee Hyong, be removed from the board. Mr Low, a deputy CEO of Oxley Holdings, didn't state why?, but this struggle has played out before. In June, Mr Low and Oxley chairman and CEO Ching Chiat Kwong, who together held a 26.25% stake in IHC, nominated three new independent directors to stand for election at IHC's AGM in July. The resolutions failed to pass, the three nominees receiving less than 43% vote. IHC said it was verifying shareholdings of the Lows and seeking legal advice on the validity of their request. Also on Monday night, a strange set of disclosures to the SGX Exch was made by Healthway Medical Corp (HMC). This was the firm that spun off IHC in 2010. The disclosures detailed transactions made on April 13 that had altered the size of substantial shareholder Fan Kow Hin's deemed interest in HMC. But HMC was notified of these changes only last Friday - months later.

 

conclusion?

 

Dissenting shareholders need more shares to oust existing directors....what about the oxley chairman and ceo and few others who bought in recent forced selling... ?

 

Board of Directors of International Healthway Corporation Limited wishes to announce that it had at 11.24 p.m. on 2 Sept 2016

(&ldquo Receipt Date&rdquo ) received a letter dated 2 Sept 2016 (the &ldquo Requisition Notice&rdquo ) from Low See Ching and Low Bee Lan Audrey (collectively, the &ldquo Requisitioning Members&rdquo ), claiming to be members of the Company holding in aggregate 185,265,329 ordinary shares, representing approximately 11.17% of the issued share capital of the Company.

Requesting the Company to convene an Extraordinary General Meeting (&ldquo EGM&rdquo ) pursuant to Section 176 of the Companies Act, Chapter 50 of Singapore, to consider the following ordinary resolutions:

1) Removal of Mr Lim Thien Su, Gerald as Director of the Company with effect from the date of the EGM.

2) Removal of Ms Lim Beng Choo as Director of the Company with effect from the date of the EGM

3) Removal of Mr Ong Lay Khiam as Director of the Company with effect from the date of the EGM

4) Removal of Mr Chia Chee Hyong, Leonard as Director of the Company with effect from the date of the EGM

5) Appointment of Mr Tan Chade Phang, Roger as Director of the Company with effect from the date of the EGM

6) Appointment of Mr Sho Kian Hin, Eric as Director of the Company with effect from the date of the EGM

7) Appointment of Mr Tay Eng Kiat, Jackson as Director of the Company with effect from the date of the EGM and

8) Removal of any Directors of the Company who may have been appointed between the date of this Notice and the date of the EGM.  

teeth53      ( Date: 07-Sep-2016 08:27) Posted: Two IHC shareholders of want four directors removed IHC said Eric Low and his sister Audrey, who hold a total 11.17% stake in the healthcare firm, sent a notice to the company's directors last week. Calling for an EGM to be convened and are proposing to remove Ms Lim Beng Choo, an executive director whose role is similar to that of a chief executive. They also propose that non-independent non-executive chairman Gerald Lim Thien Su, as well as independent directors Ong Lay Khiam and Leonard Chia Chee Hyong, be removed from the board. Mr Low, a deputy CEO of Oxley Holdings, didn't state why?, but this struggle has played out before. In June, Mr Low and Oxley chairman and CEO Ching Chiat Kwong, who together held a 26.25% stake in IHC, nominated three new independent directors to stand for election at IHC's AGM in July. The resolutions failed to pass, the three nominees receiving less than 43% vote. IHC said it was verifying shareholdings of the Lows and seeking legal advice on the validity of their request. Also on Monday night, a strange set of disclosures to the SGX Exch was made by Healthway Medical Corp (HMC). This was the firm that spun off IHC in 2010. The disclosures detailed transactions made on April 13 that had altered the size of substantial shareholder Fan Kow Hin's deemed interest in HMC. But HMC was notified of these changes only last Friday - months later.

 

Cross defaults...with aus loans in default other banks are also asking for repayment. Bonds covenants also bridged. Stack of cards falling....next either rights issue or JD or liquidation....

 

The happenings is very simple if you piece them up together.
1) Why the duo would buy at its own personal level and not using Oxley name?
2) having these "new shareholders " on board. Would they still want to have the existing BOD? Or would the duo eager to replace them away?
3) Rto would be so unnecessary. Why?

 

Newer Investor from Oxley Holdings is keen, maybe in for an RTO.

 

interestingly, IHC is green this week. such a mess in IHC

 

International Healthway Corporation (IHC) said on Aug 8 in a filing to SGX Exch.

An attempts by receivers to remove Dr Jong Hee Sen and Ms Lim Beng Choo have been resisted.

Ms Lim, 46, was appointed an executive director of IHC in Jan 2016, while Dr Jong is IHC' s chairman.

They are also directors of IHC' s investment holding subsidiaries IHC Medical, IHC Mgt, and IHCM Australia.

http://www.straitstimes.com/business/companies-markets/international-healthway-corp-resists-receivers-attempts-to-remove