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Asia

Healthbank Revises Deal for Proposed Sale of Libre Hospitality

Healthbank (SGX:40B) revised its agreement for the proposed disposal of Libre Hospitality, splitting the transaction into two tranches, according to a Monday filing.Under the revised agreement, 49% of the sale shares will be transferred for 4.4 million yuan, while the remaining 51% will be transferred for 4.6 million yuan.The first tranche will be completed after the conditions precedent are met, while the second tranche requires SGX clearance on the company's "cash company" status.The long-stop date for completion has been extended to June 30, 2027, the company said.

SGX:40B
Asia

HealthBank Holdings Allots, Issues 71 Million Shares

HealthBank Holdings (SGX:40B) has allotted and issued 70.7 million new shares on Monday, according to a same-day filing with the Singapore Exchange.The new shares will be listed and quoted on Wednesday.Following the placement, the company's paid-up share capital has increased to 212.2 million shares.

SGX:40B
Asia

HealthBank Signs MOU to Explore Acquisition of Wee Chwee Huat Scaffolding

HealthBank (SGX:40B) signed a memorandum of understanding with Boldtek Projects, Bitgo Capital and Tan Huah Sun to explore the potential acquisition of Wee Chwee Huat Scaffolding & Construction, and its unit WCH Management Services.The target group provides scaffolding, temporary access and workforce training services, while its subsidiary operates worker dormitories in Singapore, according to a Tuesday Singapore Exchange filing.HealthBank said the potential acquisition could diversify its revenue base and benefit from demand linked to construction and infrastructure projects.The parties will conduct legal, financial, tax and operational due diligence before negotiating a definitive agreement. The MOU may terminate within six months if no deal is reached, it said.

SGX:40B
Asia

HealthBank Targets SG$2.7 Million From Share Placement

HealthBank (SGX:40B) signed subscription agreements with three individual investors to place up to 70.3 million shares at SG$.0378 each, raising around SG$2.7 million, according to a Monday filing with the Singapore Exchange.Proceeds raised from the placement will be used to finance new businesses, strategic investments and acquisition and expansion opportunities.

SGX:40B
Asia

HealthBank Shares Halt Trading in Singapore Pending Announcement

HealthBank Holdings (SGX:40B) suspended trading in Singapore on Monday, according to a same-day filing.The investment holding company requested a trading halt pending the release of an announcement.

SGX:40B
Asia

HealthBank Holdings Consulting SGX to Avoid 'Cash Company' Tag Post-Disposal

HealthBank Holdings (SGX:40B) is currently consulting with the Singapore Exchange Securities Trading regarding its compliance status in connection with a proposed corporate overhaul, according to a Friday bourse filing.The property investment and facilities management services provider is seeking clarity over whether it will be deemed a "cash company" under SGX listing rules following the completion of the sale of its subsidiary, Libre Hospitality Limited, for 9 million yuan.To avoid classification as a cash company, HealthBank is proposing to diversify its group operations into three new business areas.

SGX:40B
Asia

HealthBank Disposes of China Property Unit, to Foray into Other Businesses

HealthBank (SGX:40B) agreed to sell its China property subsidiary, Libre Hospitality, for 9 million yuan, according to a Monday filing with the Singapore Exchange.Libre has an 8% stake in the Atlantis Garden Project in Hainan, China, which has been stalled for a while.Additionally, the company is looking to diversify into three business areas to increase its revenue stream.The property development company will utilize proceeds from the disposal towards coconut plantation, medical supplies, and oil and gas trading businesses.

SGX:40B
Asia

HealthBank Allots Issues Nearly 32 Million Shares Under Share Placement Exercise

HealthBank (SGX:40B) allotted and issued nearly 31.7 million shares at SG$0.0378 per share under a share placement exercise, according to a Tuesday filing with the Singapore Exchange.Following the issuance, the company's share capital has increased to 141.5 million shares.The new shares will be listed and quoted on April 16, the filing added.

SGX:40B

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