Share buyback date
No. of shares Price Cumulative 
shares bought back
13-01-2010  4,698,000 0.185 9,698,000
30-12-2009  5,000,000  0.125  

HEALTHWAY MEDICAL, a stock which is hotly discussed on NextInsight's forum, announced last night that it had made its second share buyback in a fortnight.

It's news that will bring some cheer to shareholders who may read it as an optimistic signal from the company.

Healthway bought back 4.7 million shares from the open market at 18.5 cents apiece (see table).

That's sharply higher than its previous buyback price of 12.5 cents a share.

Healthway also announced that the book closure date for its rights issue would be 21 January.

Under the rights issue, shareholders will receive one rights share for every five ordinary shares they hold.

Each rights share can be converted into an ordinary share by paying $0.075 each.

Those entitled to be allotted the rights shares are s
hareholders whose securities accounts with the CDP are credited with Healthway s
hares as at 5.00 p.m. on the Books Closure Date, 21 January 2010.


Date No. of shares Price (S$) Shareholding

Lim Lee Meng  

13-01-2010 (140,000)   0.295   Nil
Chan Pee Teck Peter 12-01-2010 (140,000)   0.3065 Nil
Chua Thian Poh 11-01-2010   290,000 Not avail. 12,400,000  (5.31%)

PROPERTY TYCOON Chua Thian Poh’s investment vehicle had crossed the 5% substantial shareholding of Teckwah Industrial, it was announced on Jan 11.

Last night (Jan 13), Teckwah said in a filing to the Singapore Exchange that Mr Chua, chairman and CEO of Ho Bee Group, has raised his deemed holding further by 290,000 shares on Jan 11.

This was through Airjet Auto-Care.

At the same time, Teckwah said its two non-executive independent directors have sold 140,000 shares each, reducing their holding to zero.

They are:

Mr Peter Chan,  who specialises in managing private equity investment funds and is presently the Managing Partner of Crest Capital Asia Pte Ltd, which is responsible for managing a number of private equity funds covering Asia.

* Mr Lim Lee Meng, a senior partner of RSM Chio Lim.

Read our earlier story: Cash-rich TECKWAH attracts property tycoon Chua Thian Poh

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