Healthway Medical Corp gets 4.2 cents per share offer from Lippo-linked entity

SINGAPORE (Feb 7): Healthway Medical Corporation has received a takeover offer from a Lippo-linked entity known as Gentle Care.

Gentle Care, who controls a 13.3% stake in the target company, is offering 4.2 cents in cash each for all the shares of Healthway it does not own. Gentle Care is a wholly-owned subsidiary of Valiant Leader, and an indirect subsidiary of entities including Lippo China Resources (LCR), Lippo and Lippo Capital.

LCR is an investment holding company which is listed in Hong Kong. According to LCR’s website, its chairman is Stephen Riady, who also made an offer for F&B operator Auric Pacific this morning.

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