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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:
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Hold HMC before but ended up losing. This IHC is a big disappointed after so much speculation. The directors all so ineffective, thus, a change is required. I kind of support the requisition tbh. If I have the share in IHC, I' ll pledge to support the requisition in EGM.
IHC accounts are in mess....dubious deals in China and related deals not disclosed...directors are pawns of previous controlling shareholders...related to Healthway....
I think company is cashstrapped and need to liquidate assets or raise much cash
I think company is cashstrapped and need to liquidate assets or raise much cash
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.
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.
Why is the share buyback resolution not passed in the EGM? I thought it is beneficial to shareholders?
Quietly going up...
just want to show there seems to be accumulation in this stock.
http://tachartreading.bl ogspot.com/2016/06/international-healthway-corporation-ihc_25.html
happyharvest ( Date: 19-Jun-2016 00:49) Posted:
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Another long term counter if you have the patience
http://tachartreading.bl ogspot.com/2016/06/international-healthway-corporation-ihc.html
Finally lift trading halt. What a time to publish the news. Those management r creepy.. Good and weird news out . How would market react?
wah.. halted for so long nia.
Just hope it is not related to the recent remisiers saga.
happyharvest ( Date: 27-Apr-2016 10:06) Posted:
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Trading halt. What's up?
IHC moving soon?
just realize the useless CEO Fan Kow Hin retired. brighter future ahead perhaps
looking forward to the upcoming EGM. should impact share price
One good thing is today volume is higher than yesterday... so it could means that most of the retail buyers have taken profit.
I' ve sold in the morning but bought back at around .077. Overall still good..
0.072 is right above the 60 day moving average (0.07cts)
Yesterday one day break up all three MA 30, 60, 120 at one go...
DONTBEEVIL ( Date: 18-Mar-2016 17:57) Posted:
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retrieved 50% of yesterday gain!
will IHC move like yesterday after 4pm?
maybe oxley chin buying more??
Yesterday answer to SGX' s enquiry.... " no significant reason for the unusual price rise"
Today, it is still holding well..
Something must be going on here...
happyharvest ( Date: 18-Mar-2016 02:59) Posted:
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