OUE Lippo Healthcare (previously International Healthway Corporation)

I m not convinced either. Moreover the share price pattern smells a rat... looks very well controlled.

Caveat Emptor

(15-08-2015, 12:03 AM)dydx Wrote: 2Q result just out.....
http://infopub.sgx.com/FileOpen/Results....eID=365383

If we discount the huge $33.28m fair value gain on investment properties under development, IHC would have suffered a pretax loss of -$5.42m in 2Q, mainly attributable to the huge $6.273m finance expenses. It would be the same conclusion for the entire 1H. Another critical look at the 30Jun15 B/S would have revealed that IHC has been writing up the BV of its investment properties and investment properties under development through revaluation to support its rising debts taken for acquisition of other property assets.

I am not convinced on this one at all. What do fellow forumers think?

SGX smells a rat too...

SGX advises caution on IHC shares; review shows handful of individuals behind over 60% of volume

Singapore Exchange (SGX) is advising shareholders and potential investors to exercise caution when dealing in
shares of International Healthway Corporation (IHC).

The share price of IHC has remained steady between $0.29 and $0.32 since April 2015 to the present, including
the period in August 2015 when the general market experienced volatility.

SGX’s review of the trades in IHC revealed that a handful of individuals who seem to be connected to each other,
were trading IHC shares through various trading accounts among themselves. In total, their trades constituted
more than 60% of the total traded volume of IHC shares in April 2015 to the present.

SGX is working with the relevant regulatory agencies on the matter.

IHC announced a proposed acquisition of Healthway Medical Corporation (HMC) on 19 June 2015. The
consideration for each HMC Share is S$0.10, to be satisfied by the issuance of new IHC shares at an issue price of
S$0.45 each. The acquisition is subject to court and shareholders’ approval. IHC and HMC will each appoint an
Independent Financial Advisor to advise their shareholders on:
 whether the transaction is on normal commercial terms
 whether it is not prejudicial to the interest of the respective companies and their independent
shareholders.

http://infopub.sgx.com/FileOpen/20150909...eID=369136

(09-09-2015, 09:10 PM)CityFarmer Wrote: SGX smells a rat too...

SGX advises caution on IHC shares; review shows handful of individuals behind over 60% of volume

Singapore Exchange (SGX) is advising shareholders and potential investors to exercise caution when dealing in
shares of International Healthway Corporation (IHC).

The share price of IHC has remained steady between $0.29 and $0.32 since April 2015 to the present, including
the period in August 2015 when the general market experienced volatility.

SGX’s review of the trades in IHC revealed that a handful of individuals who seem to be connected to each other,
were trading IHC shares through various trading accounts among themselves. In total, their trades constituted
more than 60% of the total traded volume of IHC shares in April 2015 to the present.

SGX is working with the relevant regulatory agencies on the matter.

IHC announced a proposed acquisition of Healthway Medical Corporation (HMC) on 19 June 2015. The
consideration for each HMC Share is S$0.10, to be satisfied by the issuance of new IHC shares at an issue price of
S$0.45 each. The acquisition is subject to court and shareholders’ approval. IHC and HMC will each appoint an
Independent Financial Advisor to advise their shareholders on:
 whether the transaction is on normal commercial terms
 whether it is not prejudicial to the interest of the respective companies and their independent
shareholders.

http://infopub.sgx.com/FileOpen/20150909...eID=369136

finally, mata took notice... wat took them so long? roadside sources more reliable...

(09-09-2015, 11:07 PM)greengiraffe Wrote: finally, mata took notice... wat took them so long? roadside sources more reliable...

Why? I reckon, "mata's" comment is accountable, while roadside's ones are "very casual", wrong also never mind...

really got rat!!!!!!

(10-09-2015, 09:53 AM)CityFarmer Wrote:

(09-09-2015, 11:07 PM)greengiraffe Wrote: finally, mata took notice... wat took them so long? roadside sources more reliable...

Why? I reckon, "mata's" comment is accountable, while roadside's ones are "very casual", wrong also never mind...

http://www.valuebuddies.com/thread-3565-...#pid118131

quality roadside sources more efficient that red tape though observations can't be more obvious...

Brief update on the company...

Oxley duo buying into Int'l Healthway Corp
02 Oct 2015 09:00
By Cai Haoxiang

TWO men behind boutique developer Oxley Holdings are buying into International Healthway Corporation (IHC), prompting some market observers to wonder whether the duo are eyeing the property assets of the

Catalist-listed medical property developer.

A Sept 29 disclosure showed Ching Chiat Kwong, executive chairman and CEO of Oxley, now has a substantial stake of 12.1 per cent.

Oxley's deputy CEO Eric Low See Ching's stake stands at 6.13 per cent based on a Sept 25 disclosure.

Meanwhile, Fan Kow Hin, Andrew Aathar and Jong Hee Sen, part of a group of investors that formed the Healthway Medical Corporation (HMC) outpatient clinic network in 2006, have been selling down their IHC stakes.

IHC, which is in the process of acquiring Catalist-listed HMC through a share deal, was in the news on Sept 9 when the Singapore Exchange (SGX) advised caution when dealing in IHC shares.
...
Source: Business Times

The Oxley duo, are acquiring as personal investment. The latest update by the Oxley.

---------
Pursuant to shareholders' queries, the Company would like to clarify that the reported acquisitions of
shares in International Healthway Corporation by Mr. Ching Chiat Kwong (our Executive Chairman
and CEO) ("Mr. Ching") and Mr. Low See Ching (our Deputy CEO and Executive Director) ("Mr.
Low") are personal and independent investment decisions of Mr. Ching and Mr. Low, and do not have
any connection or impact whatsoever with or on the ongoing business activities of the Group.
http://infopub.sgx.com/FileOpen/OxleyAnn...eID=372482

(07-10-2015, 08:35 PM)CityFarmer Wrote: The Oxley duo, are acquiring as personal investment. The latest update by the Oxley.

---------
Pursuant to shareholders' queries, the Company would like to clarify that the reported acquisitions of
shares in International Healthway Corporation by Mr. Ching Chiat Kwong (our Executive Chairman
and CEO) ("Mr. Ching") and Mr. Low See Ching (our Deputy CEO and Executive Director) ("Mr.
Low") are personal and independent investment decisions of Mr. Ching and Mr. Low, and do not have
any connection or impact whatsoever with or on the ongoing business activities of the Group.
http://infopub.sgx.com/FileOpen/OxleyAnn...eID=372482

I think its personal because they dunno what they into as well... IHC has been trying for years to be an asset light co from the introduction listing (without public offering) but yet to serious delivered much.

Perhaps the Oxley duo thinks that they have the capability to etract some value from IHC...

Anyway, cowboy vs cowboys... gd to stay aside and gofor the real Godfathers...

Not Vested
GG

Shareholders vote out IHC board in fiery meeting
http://www.straitstimes.com/business/sha...ry-meeting

IHC shareholder coup: Police report filed against ousted executive director
http://www.straitstimes.com/business/com...-executive

by Marissa Lee
24-Jan-2017
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