Healthway Medical shareholders vote to delist with 99.47% approval

OUE Healthcare had made a conditional exit offer of 4.8 cents per share in all the shares of Healthway Medical on July 3.

Shareholders of Healthway Medical Corporation have voted to delist the company with 99.47% approval at an Extraordinary General Meeting held on Sept 28.

The delisting will be conditional upon Singapore Exchange S68’s approval, says the company in a Sept 28 bourse filing.

OUE Healthcare had made a conditional exit offer of 4.8 cents per share in all the shares of Healthway Medical on July 3. This excludes the shares held by the concert party group.

On Sept 27, the company announced that the minimum acceptance condition for the exit offer had been satisfied after shareholders holding 50.47% of the shares in the company accepted the offer put out by OUE Lj3 Healthcare’s special purpose vehicle, OUEH Investments.

The company’s exit offer will remain open until 5.30pm on Oct 12.

Shares in Healthway Medical closed flat at 4.8 cents on Sept 28, following a trading halt called at noon.

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