Enabler Bidco, a special purpose company, has agreed to acquire the entire issued and paid-up shares in Econ Healthcare (SGX:EHG) via a scheme of arrangement, according to a filing with the Singapore Exchange on Friday.
The scheme consideration includes a cash consideration of shares at SG$0.330 per share, or the cash and securities consideration of SG$0.224 per share in cash and SG$0.321148 per Enabler Holdco shares.
The offeror and Enabler Holdco are special purposes vehicles registered in the Cayman Islands for the purpose of the acquisition.
Pursuant to the acquisition, the offeror is looking to delist and privatize the company.
Shares of the aged healthcare provider surged nearly 8% in recent trading.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.