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Health Management International (HMI)
05-07-2019, 08:22 PM.
Post: #41
RE: Health Management International (HMI)
EQT and HMI Jointly Propose to Privatise HMI Group by way of a Scheme of Arrangement
* Cash Consideration of S$0.730 per share, representing significant premiums of 29.7%, 27.4% and 24.8%, over the 6-month, 3-month and 1-month VWAPs respectively
* Since the listing of the Company in 1999, the closing share price of HMI Shares has only exceeded the Scheme Consideration on one trading day
* Opportunity for HMI Shareholders who may find it difficult to exit their investment in the Company due to low trading liquidity of HMI Shares.

Health Management International Ltd (the "Company" or “HMI”) and PanAsia Health Limited (the "Offeror") have today jointly announced the proposed acquisition of all the issued ordinary shares in the capital of the Company by the Offeror, a special purpose vehicle incorporated in the Cayman Islands and indirectly controlled by EQT Mid Market Asia III GP B.V. (“EQT GP”), by way of a scheme of arrangement.

Under the Scheme, each of the HMI shareholders (the “HMI Shareholders”) will be entitled to receive for each HMI Share, at their election, either
(i) S$0.730 in cash (the "Cash Consideration"), or
(ii) in lieu of the Cash Consideration, 1 new ordinary share in the capital of the Offeror (the “Offeror Share”) at an issue price of S$0.730 per Offeror Share (the "Issue Price" and such consideration, the “Securities Consideration”), provided always that no more than 686,218,454 HMI Shares may be elected for the Securities Consideration under the Scheme. The Issue Price under the Securities Consideration is the same as the Cash Consideration. The Scheme Consideration values HMI at approximately S$611 million.

More details in :
1. https://links.sgx.com/FileOpen/Announcem...eID=569282
2. https://links.sgx.com/FileOpen/Media_rel...eID=569283
3. https://links.sgx.com/FileOpen/Announcem...eID=569284
=========== Signature ===========
Specuvestor: Asset - Business - Structure.

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05-07-2019, 08:59 PM.
Post: #42
RE: Health Management International (HMI)
Looks like this is a good time to be owning small caps.

At the rate this is going, only the low-quality small caps will remain on the exchange.

I wonder...who's next?

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