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HMI to delist from SGX by Dec 24
HOSPITAL operator Health Management International (HMI) will look to delist from the Singapore Exchange by Dec 24, earlier than its previously indicated date of Jan 6.
This follows shareholder approval of HMI's joint bid with PanAsia Health Limited to privatise HMI via a scheme of arrangement.
Under the scheme, each HMI shareholder will be entitled to receive for each HMI share either S$0.73 in cash, or one new ordinary share at the same price in PanAsia Health.
The offeror will pay entitled shareholders by Dec 19, or no later than seven business days after Dec 12, the day the scheme became effective and binding.