Shares & Derivatives
Purchase of International Healthway Corp (Update 1)
By Dividend Town  •  February 16, 2017
Initiated a small position on IHC on 13 February 2017. This Company drew my attention when IHC shareholders, lead by Oxley Chief Executive & Deputy Chief Executive who controls about 26% of IHC stake voted out the entire board of IHC on 23 January 2017 . At the same time, OUE controlled by Riady's family had announced that it had acquired 12.54% stake in IHC on 23 Jan 2017 & it was further increase to 21.83% on 8 February 2017. Both transaction by OUE are at $0.077 per share. A glance at IHC business & assets revealed why OUE are keen in increasing its stakes. IHC business comprises of 12 quality  Nursing Homes in Japan , a hospital in Wuxi China , 3 freehold commercial building in Victoria Australia .     IHC also owns freehold land in Kula Lumpur  and is developing it into a landmark and upscale medical hub with serviced residences. (“KLCC Project”) which ......
Read the full article
By Dividend Town
I started off to grow my money by placing it into Fixed deposits ,buying Unit Trust ,Investment linked Plan ,Equity Linked Notes recommended by financial advisors but ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance