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OUE Healthcare extends closing date for exit offer of Healthway Medical Corp

The Edge Singapore
The Edge Singapore  • 1 min read
OUE Healthcare extends closing date for exit offer of Healthway Medical Corp
OUE Healthcare extends closing date for Healthway Medical Corp's exit offer, no change in offer price
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OCBC Bank announced, on behalf of OUEH Investments which is a unit of OUE LJ3 Healthcare, that the exit offer for Healthway Medical Corp will be extended to 5.30pm on Oct 26 from Oct 12.

According to the announcement, OUE Healthcare does not intend to extend the exit offer beyond the final closing date. The exit offer price of $0.048 is final, and OUE Healthcare intends to privatise Healthway Medical Corp in the event that the trading of shares are suspended on SGX.

OUE Healthcare and its concert parties own, control or have agreed to acquire 2,962.6 million shares or 65.32% of Healthway Medical Corp’s shares in issue. 

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