General Announcement::OUEH Exit Offer for HMC - Close of Exit Offer and Final Level of Acceptances

Issuer & Securities

Issuer/ Manager
OUE LIMITED
Securities
OUE LIMITED - SG2B80958517 - LJ3
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
26-Oct-2023 21:40:23
Status
New
Announcement Sub Title
OUEH Exit Offer for HMC - Close of Exit Offer and Final Level of Acceptances
Announcement Reference
SG231026OTHR33QC
Submitted By (Co./ Ind. Name)
Kelvin Chua
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
Reference is made to:

(a) the Company's announcements dated 3 July 2023, 5 September 2023, 27 September 2023, 28 September 2023 and 10 October 2023 in relation to the exit offer by OUEH Investments Pte. Ltd. (the "Offeror") for the proposed voluntary delisting of Healthway Medical Corporation Limited ("HMC") (the "Exit Offer"). The Offeror is a subsidiary of OUE Healthcare Limited ("OUEH"), which is in turn a subsidiary of OUE Limited; and

(b) OUEH's announcement dated 3 July 2023 in relation to, inter alia, the Exit Offer being a discloseable transaction under Rule 1010 of the SGX-ST Listing Manual Section B: Rules of Catalist, as referred to in the Company's announcement dated 3 July 2023.

In connection with the Exit Offer, an announcement has been issued today by Oversea-Chinese Banking Corporation Limited for and on behalf of the Offeror on, amongst others:

(a) close of the Exit Offer; and

(b) the final level of valid acceptances received in respect of the Exit Offer.

As announced for and on behalf of the Offeror, the Offeror has received valid acceptances in respect of 1,189,993,563 shares in the capital of HMC ("HMC Shares"), representing approximately 26.24% of the total number of issued HMC Shares. Following the close of the Exit Offer, the acquisition of the HMC Shares by the Offeror has been completed. OUEH and OUE Limited are accordingly deemed interested in 1,189,993,563 HMC Shares, representing approximately 26.24% of the total number of issued HMC Shares. The Offeror and its concert parties own, control or have agreed to acquire (including by way of valid acceptances of the Exit Offer) an aggregate of 3,108,353,728 HMC Shares, representing approximately 68.53% of the total number of issued HMC Shares.

Settlement of acceptances of the Exit Offer will be made by the Offeror in accordance with Rule 30 of the Singapore Code on Take-overs and Mergers.

For details, please refer to the announcement posted by OUE Healthcare Limited on the SGX website, www.sgx.com.