Announcement • Oct 27
OUEH Investments Pte. Ltd. completed the acquisition of 68.53% stake in Healthway Medical Corporation Limited (Catalist:5NG) from GW Active Limited and others. OUEH Investments Pte. Ltd. made an offer to acquire Healthway Medical Corporation Limited (Catalist:5NG) from GW Active Limited and others for approximately SGD 220 million on July 3, 2023. The transaction is subject to approval from target shareholders, de-listing of target shares and minimum tender of 50%. In addition, the delisting will also be conditional upon the SGX-ST agreeing to the application by Healthway Medical Corporation to delist from the Official List of the Catalist Board of the SGX-ST. As of September 27, 2023, the minimum acceptance has been achieved. As of September 29, 2023, the offer has become unconditional.
Oversea-Chinese Banking Corporation Limited (SGX:O39) acted financial advisor for OUE Healthcare Limited. Xandar Capital Pte. Ltd. acted as financial advisor Healthway. Boardroom Corporate & Advisory Services Pte. Ltd. acted as transfer agent to Healthway Medical Corporation. The Central Depository (Pte) Limited acted as Depository to Healthway Medical Corporation.
OUEH Investments Pte. Ltd. completed the acquisition of 68.53% stake in Healthway Medical Corporation Limited (Catalist:5NG) from GW Active Limited and others on October 26, 2023. Announcement • Oct 13
Healthway Medical Corp Updates on Proposed Voluntary Delisting The total number of issued shares of Healthway Medical Corporation Limited held in public hands has fallen to less than the 10% free float requirement, putting it on track to delist from the Singapore Exchange. This is based on the aggregate number of three billion shares, or 65.3% of the total shares, held by OUE Healthcare and its concert parties as at 6pm on October 10, 2023, said the company on October 12, 2023. Earlier in July, OUE Healthcare (OUEH) said it will spend up to $66.1 million to delist Healthway Medical via a voluntary conditional offer as it looks to streamline its operations. At the time, OUEH and its concert parties held around 42.28% of Healthway Medical’s total shares. OUEH had said the offer will enable the group to “harness potential synergies” with Healthway Medical to deliver comprehensive healthcare services across preventive, interventive, diagnostics, treatment, aftercare and other ancillary healthcare services. Its offer was made through its wholly owned subsidiary OUEH Investments – a special purpose vehicle incorporated for the purposes of the exit offer. Healthway Medical on Thursday noted that OUEH Investments intends to delist the company, regardless of the acceptance level of the exit offer. The offeror does not intend to lift a potential trading suspension either. OUEH Investments’ privatisation offer turned unconditional in all respects on Sept 28. The delisting application was made on Oct. 3 and the company will update on the outcome in due course. The exit offer of 4.8 cents per offer share will remain open for acceptance until 5.30pm on Oct. 26, which will not be extended. Any applications received after the closing time will be rejected. New Risk • Jul 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Singaporean stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. 
