12 May 2017
Voluntary conditional cash offer by RHB Securities Singapore Pte. Ltd. for and on behalf of Gentle Care Pte. Ltd.
Partner Sandy Foo from the Capital Markets / Mergers & Acquisitions practice acted for Healthway Medical Corporation Limited ("Company") in the voluntary conditional cash offer ("Offer") by RHB Securities Singapore Pte. Ltd., on behalf of Gentle Care Pte. Ltd. ("Offeror"), to acquire all the issued and paid-up ordinary shares in the capital of the Company, including all those owned, controlled or agreed to be acquired by parties acting or deemed to be acting in concert with the Offeror.
Based on the offer price of S$0.042 per share, the Offer valued the Company at approximately S$103.3 million. The Offer closed at 5.30pm on 12 May 2017, where the Offer was declared unconditional in all respects.