OUE Healthcare extends exit offer for Healthway Medical delisting to 26 October
The exit offer remains at $0.048.
OUE Healthcare has moved the final closing date for its exit offer to delist Healthway Medical to 26 October at 5:30 pm from 12 October.
In a statement, OCBC, on behalf of OUE Healthcare, said it does not intend to extend the exit offer beyond the final closing date.
“Notice is hereby given that the Exit Offer will not be open for acceptance beyond 5.30 p.m. (Singapore time) on the Final Closing Date. Acceptances received after 5.30 p.m. (Singapore time) on the Final Closing Date will be rejected,” it said.
The exit offer remains at $0.048 in cash per offer share.
OCBC said offeror OUE Healthcare is not entitled to acquire the shares of the dissenting shareholder who did not accept the exit offer.
The dissenting shareholders are also unlikely to have the right to require the offer to acquire their shares.