Mandatory general offer for Healthway Medical turns unconditional, offer closes

THE mandatory general offer by Lippo-linked Gentle Care for Healthway Medical Corporation has turned unconditional as it has surpassed 50 per cent of ownership, when taken together with the level of acceptances.

Gentle Care said in a Singapore Exchange filing on Friday that the level of acceptances stood at about 11.94 per cent of the total number of shares of the company, or 8.43 per cent of the maximum potential issued share capital of the company. The offer had closed on Friday.