Exit offer for Healthway Medical to go ahead after 50% acceptance

The exit offer for Healthway Medical Corporation has been declared unconditional after shareholders holding 50.47% of the shares i

The exit offer for Healthway Medical Corporation has been declared unconditional after shareholders holding 50.47% of the shares in the company accepted the offer put out by OUE Lj3 Healthcare Limited.

In the exit offer letter dated Sept 5, the exit offer was said to be conditional upon OUE Healthcare receiving 50% of the shares in Healthway Medical.

OUE Healthcare had made a conditional exit offer of 4.8 cents per share in all the shares of Healthway Medical on July 3. Should the offer go through, Healthway Medical will be delisted from the SGX-ST.

The offer will close at 5.30pm on Oct 12.

Shares in Healthway Medical closed flat at 4.8 cents on Sept 27.

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