10 Feb 2018
Proposed placement of shares in the share capital of OUE Lippo Healthcare Limited to Browny Healthcare Pte Ltd
Partners Sandy Foo, Penelope Loh and Senior Associate Goh Jun Yi acted for OUE Lippo Healthcare on the proposed placement of 562.5 million ordinary shares in the share capital of OUE Lippo Healthcare to Browny Healthcare, a wholly-owned subsidiary of Itochu. The issue price of S$0.14 (US$0.106) represents a premium to the volume weighted average price on the last full market day prior to the company’s announcement. The transaction was valued at S$78.75 million (US$59.5m).