Doctor Anywhere makes 18.8 cents per share offer for Asian Healthcare Specialists

The offer is a premium of more than 18% over the one-month VWAP of Asian Healthcare Specialists

Labrador Park, the special purpose vehicle (SPV) indirectly wholly owned by Doctor Anywhere, is offering to takeover Asian Healthcare Specialists at 18.8 cents per share.

As at Oct 6, Labrador Park has three members of the management of Doctor Anywhere on its board of directors. They are: Lim Wai Mun, who is the founder, CEO and chairman, as well as the sole executive director of Doctor Anywhere; Ng Chen Xuan, Doctor Anywhere's senior manager for corporate development; and Melissa Marie Tan Shu Ling, the legal director of Doctor Anywhere.

Lim has already secured irrevocable undertakings of some 79.54% of the total share base.

The offer price represents a premium of 18.3% over the one-month volume weighted average price of the shares.

“The offer represents an attractive cash exit opportunity for the Shareholders to liquidate and realise their entire investment at a premium to the prevailing market prices, without incurring brokerage and other trading costs,” the offeror states.

Asian Healthcare Specialists last traded at 16 cents on Oct 6.

 

 

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