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OUE Lippo Healthcare launches recapitalisation plan in bid to build sustainable capital structure

Felicia Tan
Felicia Tan2/23/2021 7:27 PM GMT+08  • 2 min read
OUE Lippo Healthcare launches recapitalisation plan in bid to build sustainable capital structure
Shares in OUE Lippo Healthcare closed flat at 3.7 cents on Feb 23.
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OUE Lippo Healthcare has launched a strategic recapitalisation plan backed by its major shareholders in a bid to build a sustainable capital structure.

The transactions will involve converting OUE Lippo’s existing shareholder loans and accrued interests of $189.6 million into 4.0% convertible perpetual bonds.

The perpetual securities will be convertible into ordinary shares of the company at 7 cents per share.

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