The Business Times
business-time-50

Hot stocks: OUE Healthcare, Healthway Medical jump after proposed privatisation

OUE Healthcare is looking to take Healthway Medical private at S$0.048 per share

google-preferred-sourceAdd BT as a preferred source
Daphne Yow

Daphne Yow

Published Mon, Jul 3, 2023 · 11:16 AM
    • OUEH says the offer will enable the group to “harness potential synergies” with Healthway Medical to deliver comprehensive healthcare services.
    • OUEH says the offer will enable the group to “harness potential synergies” with Healthway Medical to deliver comprehensive healthcare services. PHOTO: BT FILE

    SHARES of OUE Healthcare (OUEH) and Healthway Medical Corporation rose on heavy trading after OUEH proposed a voluntary conditional offer to delist Healthway Medical.

    OUEH shares rose as much as 15.4 per cent or S$0.004 to S$0.030 right when the market opened on Monday (Jul 3), reaching a 1.5-month high. The last time its share price closed near this level was on May 17, 2023.

    Meanwhile, Healthway Medical shares climbed up as much as 42.4 per cent or S$0.014 to S$0.047 at market open, hitting a three-year high. The last time its shares closed near this level was Mar 18, 2020.

    Healthway MedicalPrivatisationHealthcare

    TRENDING NOW

    Galven Tan has resigned to pursue new opportunities, says Knight Frank Singapore. 

    Knight Frank Singapore CEO Galven Tan resigns after 2.5 years at helm

    National Development Minister Chee Hong Tat says: “The best way is for the government to shape behaviours with the judicious use of market-based incentives, where possible.”

    ABSD deadline extended to up to 7 years for developers of large en bloc sites to encourage reuse of land

    National Development Minister Chee Hong Tat noted that the public housing market has seen a moderation in resale flat prices over the past few quarters, following multiple rounds of cooling measures as resale prices surged.

    15-month wait-out curb lifted for private property owners buying HDB resale flats

    The income upgrade has rendered the Philippines “too wealthy” to qualify for the concessional foreign aid and development loans.

    Philippines’ income upgrade hides grim reality for most Filipinos

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More