OUE Healthcare

Healthway Medical shareholders vote to delist with 99.47% approval - THE EDGE SINGAPORE

Delistings

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.

Results

OUE Healthcare reports 1HFY2023 earnings of $1.8 mil, down 79% y-o-y

No dividend was declared for the period after taking into consideration the group’s cash flow requirements.
Healthway Medical shares 39.4% after OUE Healthcare’s exit offer of 4.8 cents - THE EDGE SINGAPORE

Offer

Healthway Medical shares up 39.4% after OUE Healthcare’s exit offer of 4.8 cents

Should the offer go through, HMC will be delisted from SGX’s Catalist board.

Broker's Calls

Citing more sustainable lease agreement, DBS initiates coverage of First REIT with 'buy' call and 30 cents target price

At current level, First REIT is offering a forward dividend yield of around 10%,
OUE Healthcare expands footprint in China but what’s next for First REIT? - THE EDGE SINGAPORE

Corporate moves

OUE Healthcare expands footprint in China but what’s next for First REIT?

OUE Healthcare looks to new businesses in China for revenue following sale of Japanese nursing homes to First REIT

Healthcare

OUE Healthcare shares surge over 34% after JV opens first hospital in Changshu, China

The hospital will be providing premium obstetrics, gynaecology, paediatrics and other related medical services in Changshu.
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