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
Daphne Yow
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.
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