With clean slate, is OUE Lippo Healthcare on road to recovery?
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
SHAREHOLDERS of OUE Lippo Healthcare (OUELH) appeared to welcome the news of the company's recapitalisation exercise. The counter added S$0.002 or 5.41 per cent to close at S$0.039 on Wednesday.
Shares of OUE, on the other hand, dipped S$0.02 or 1.79 per cent to end at S$1.10.
OUELH is converting shareholder loans from OUE to convertible perpetual bonds.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
Loyang Valley sold for S$880 million to SingHaiyi-led consortium
