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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

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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

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    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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