IHC shareholders vote yes to change name to OUE Lippo Healthcare

INTERNATIONAL Healthway Corporation (IHC) has received 100 per cent votes from shareholders at an extraordinary general meeting (EGM) to have its name changed to OUE Lippo Healthcare Limited.

The EGM was held on Monday, the company said in a Singapore Exchange filing on the same day.

The special resolution was set out in the notice of EGM dated Sept 15, and was duly approved and passed by its shareholders by way of poll.

DrewCorp Services was appointed as scrutineer of the EGM and no party was required to abstain from voting on the special resolution.

Mainboard-listed property group OUE had, in February, launched a surprise takeover offer for IHC, valuing the Catalist-listed nursing home owner at about S$175.9 million.

It came just a week after OUE bumped up its stake in IHC to 21.83 per cent on Feb 8.

The offer was triggered after OUE inked a deal to buy a further 35.77 per cent of IHC, which it said would bring its stake up to 57.6 per cent.