OUE Healthcare’s exit offer for Healthway Medical turns unconditional in all respects
Raphael Lim
OUE HEALTHCARE’S exit offer for Healthway Medical has been declared unconditional in all respects.
This comes after shareholders of Healthway Medical voted overwhelmingly in favour of the delisting and constitution amendment resolutions.
More than 99 per cent of the votes cast during the extraordinary general meeting on Thursday (Sep 28) were in favour of the two resolutions.
The minimum acceptance condition had earlier been satisfied on Sep 27, and the passing of the resolutions on Thursday meant that all conditions to the exit offer have been fulfilled.
As at 6 pm on Thursday, the offeror and its concert parties had a resultant shareholding of around 52.6 per cent of the total number of Healthway Medical shares. The exit offer will remain open for acceptance until Oct 12.
Subject to approval by the Singapore Exchange, Healthway Medical will be delisted from the Catalist board on or after the close of the exit offer.
Shares of OUE Healthcare closed on Wednesday 3.5 per cent or S$0.001 lower at S$0.028, while shares of Healthway Medical ended flat at S$0.048. Both companies traded unchanged on Thursday, before they called for a trading halt.
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