LYC HEALTHCARE BERHAD

KLSE (MYR): LYC (0075)

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Last Price

0.16

Today's Change

0.00 (0.00%)

Day's Change

0.155 - 0.165

Trading Volume

796,000


4 people like this.

3,056 comment(s). Last comment by vic_amat87 1 day ago

123eztrade

642 posts

Posted by 123eztrade > 2021-11-12 15:25 | Report Abuse

trending well..up

123eztrade

642 posts

Posted by 123eztrade > 2021-12-01 13:55 | Report Abuse

support at 25

cherng

63 posts

Posted by cherng > 2021-12-29 16:41 | Report Abuse

prepare listing in SG exchange... what will this benefit shareholder?

davidkkw79

5,068 posts

Posted by davidkkw79 > 2022-03-02 09:26 | Report Abuse

Nothing, stock market in Singapore is even bored & dead than malaysia market

Posted by cheeselover > 2022-03-17 11:07 | Report Abuse

KUALA LUMPUR (March 1): Kenanga Investment Bank Bhd (KIB), via its wholly-owned unit Kenanga Investors Bhd, is taking up a 25% stake in LYC Healthcare Bhd's Singapore unit that is considering listing its healthcare business on the Singapore Exchange (SGX).

Kenanga Investors inked a conditional sale and purchase agreement on Tuesday with LYC Medicare Sdn Bhd to acquire the stake, which represents 6.53 million shares in LYC Medicare (Singapore) Pte Ltd (LYC SG), for S$12.9 million (equivalent to RM39.9 million), cash. LYC Healthcare will hold the remaining 75% stake in LYC SG post-divestment.

KIB is the largest shareholder of LYC Healthcare with a 17.72% stake held via Kenanga Investors (6.46%) and Kenanga Islamic Investors (10.75%), according to Bloomberg data. The second largest is LYC Capital Sdn Bhd with 11.93%.

In a statement, LYC Healthcare said the disposal set a pre-money valuation for LYC SG at S$51.67 million (approximately RM159.7 million), which represents an almost doubling of LYC SG's valuation in less than two years.

LYC SG is considering listing its healthcare business on the Catalist Board of the SGX, and ZICO Capital Pte Ltd has been appointed its full sponsor for the proposed listing.

"The proposed listing, which is still at a preliminary stage at this juncture, is subject to, amongst others, satisfactory due diligence and assessment of suitability for listing by LYC SG's professional advisers, approvals being obtained from the relevant authorities in Singapore and Malaysia (where required), as well as the shareholders of LYC Healthcare at a general meeting to be convened. In addition, the proposed listing is subject to assessment of other factors such as general economic and capital market conditions," LYC Healthcare said.

LYC Healthcare said Kenanga Investors has, at its invitation, agreed to participate and commit as the pre-initial public offering (IPO) investor for LYC SG's proposed listing.

"As an anchor investor prior to the IPO, Kenanga Investors provides an external validation to the group's proposed listing ambition, which can help to mitigate the risks of an IPO by building other investors' confidence in LYC SG, as well as supporting the benchmark IPO valuation and in turn potentially driving a higher total shareholder return," said LYC Healthcare.

Meanwhile, the divestment provides the group an immediate opportunity to unlock and realise the value of LYC SG, as well as provide a surplus cash flow of S$12.92 million (equivalent to RM39.93 million) to the group.

"The proceeds arising from the proposed divestment will enable the group to settle the partial redemption of its outstanding RPS (redeemable preference shares) of RM30 million, which is expected to result in dividend rate saving ranging from RM2.7 million to RM2.85 million per annum, as means to reduce its indebtedness and financing cost and in turn reposition the group towards a better financial footing moving forward," said LYC Healthcare.

A portion of the proceeds has been earmarked for business expansion, which LYC Healthcare said will enable it to capitalise on suitable and viable investment opportunities in the provision of healthcare and healthcare-related businesses.

LYC Healthcare shares ended half a sen or 2% lower at 24.5 sen, giving the group a market capitalisation of RM113.81 million.

Posted by cheeselover > 2022-03-17 11:07 | Report Abuse

KUALA LUMPUR (March 16): LYC Healthcare Bhd's Singapore unit LYC Medicare (Singapore) Pte Ltd (LYC SG) is buying the remaining 49% stakes it does not hold in two Singapore-based healthcare companies via cash and share deals, ahead of the unit's proposed listing on the Singapore Exchange (SGX).
The two companies are T&T Medical Group Pte Ltd (T&T) and HC Orthopaedic Surgery Pte Ltd (HCOS).
It is buying the stake in T&T from Dr Ting Choon Meng for S$8.1 million (RM24.95 million) and the stake in HCOS from Dr Chan Ying Ho (Dr Henry) for S$9.163 million (RM28.22 million). The conditional share agreements for the transactions were inked on Wednesday (March 16).
T&T operates a one-stop chronic disease centre focusing on chronic degenerative joint diseases and spine, pain management, and metabolic diseases like Diabetes Mellitus, hypertension and high cholesterol. HCOS primarily serves patients requiring various orthopaedic specialist treatments, including surgeries.
On completion of the transactions, Dr Ting and Dr Henry will become shareholders of LYC SG, with respective 5.38% and 8.62% stake.
LYC SG is considering listing its healthcare business on the Catalist Board of the SGX, and ZICO Capital Pte Ltd has been appointed as its full sponsor for the proposed listing.
Earlier this month, Kenanga Investment Bank Bhd (KIB), via its wholly-owned unit Kenanga Investors Bhd, took up a 25% stake in LYC SG for S$12.9 million (RM39.9 million), cash. LYC Healthcare said Kenanga Investors has, at its invitation, agreed to participate and commit as the pre-initial public offering (IPO) investor for LYC SG's proposed listing.
KIB is the largest shareholder of LYC Healthcare with a 17.22% stake held via Kenanga Investors Bhd (6.46%) and Kenanga Islamic Investors (10.76%), according to Bloomberg data. The second largest is LYC Capital Sdn Bhd with 11.93%.
LYC Healthcare shares closed up one sen or 4.17% at 25 sen on Wednesday, giving it a market capitalisation of RM116.13 million.

Posted by cheeselover > 2022-03-24 11:44 | Report Abuse

KUALA LUMPUR (March 23): LYC Healthcare Bhd said it is venturing into the dental industry through the acquisitions of three dental clinics in the Klang Valley for a total of RM3.18 million.

In a statement filed with Bursa Malaysia on Wednesday, the healthcare service provider said its wholly-owned subsidiary, LYC Dental Group Sdn Bhd, has signed agreements with Dr Beh Wee Ren to acquire the KL Dental outlets in Kiara 163 and SS15 Courtyard.

LYC Dental signed another agreement with Dr Beh and Dr Andy Ooi Yet Lee to acquire the KL Dental outlet in Taman Connaught, the group said.

The acquisitions will be paid for via a mixture of cash and shares in LYC Dental, resulting in 70% of the dental firm being owned by LYC Healthcare and 30% by Dr Beh.

"The group believes the dental outlets to be strategically located, mainly concentrated in mature neighbourhoods, serving residents living within the surrounding areas.

"The three outlets currently have six practising dental doctors, which will continue to remain working post completion of the proposed acquisitions," said LYC Healthcare.

The group said it plans to upgrade the three outlets upon the completion of the acquisitions to improve their customer service offerings. It will also explore the possibility of opening additional dental clinics and dental medical centres subject to market conditions and availability of the right locations.

LYC Healthcare noted that Dr Beh has 12 years of experience in practising as a dental surgeon with special interest in dental implants, invisalign and medical aesthetics. Besides that, he is the president of Malaysian Oral Implantology Association and treasurer of the Malaysian Association of Aesthetic Dentistry.

Dr Beh is also a dental entrepreneur who previously co-founded and expanded iCare Dental group to be one of the fastest growing groups with up to 28 branches in Malaysia, the group said.

"As a result, LYC Healthcare has identified Dr Beh as a suitable partner to venture into the dental industry and build an integrated dental platform together with in the coming years," the group said.
Looking ahead, LYC Healthcare said the group foresees the growth in the dental industry to mainly be driven by a growing and ageing population that increases demand for dental services.

Other factors driving growth within the industry, it said, will come from the higher demand for cosmetic dentistry due to rising disposable income among consumers, as well as the expansion in the dental tourism industry in tandem with the growing healthcare travel industry.

LYC Healthcare shares closed unchanged at 24.5 sen, bringing a market capitalisation of RM113.81 million.

cherng

63 posts

Posted by cherng > 2022-06-08 13:28 | Report Abuse

non stop private placement......

latest announcement mention "up to 30% of the total number of issued shares"

Icon 888

2,215 posts

Posted by Icon 888 > 2022-06-09 03:41 | Report Abuse

Rm0.08

Karlos

1,257 posts

Posted by Karlos > 2022-06-29 11:27 | Report Abuse

30% new shares will be issued via private placement at up to 20% discount plus additional free shares at no cost will also be issued and given to the management !

bjgdila123

3,463 posts

Posted by bjgdila123 > 2022-09-06 13:21 | Report Abuse

everyday turun lanc.... co

bjgdila123

3,463 posts

Posted by bjgdila123 > 2022-11-04 20:40 | Report Abuse

rugi beli ini kaunter ....ceo budak budak

bjgdila123

3,463 posts

Posted by bjgdila123 > 2022-11-16 10:05 | Report Abuse

0.18 sampai next year .

bjgdila123

3,463 posts

Posted by bjgdila123 > 2022-12-01 10:18 | Report Abuse

hari tu ksta nak terbang . 0.50

bjgdila123

3,463 posts

Posted by bjgdila123 > 2022-12-09 16:36 | Report Abuse

hari ini baru start naik 0.235 .....

bjgdila123

3,463 posts

Posted by bjgdila123 > 2022-12-20 20:00 | Report Abuse

sial betul , no movement .. puui co

nickwan

23 posts

Posted by nickwan > 2023-01-31 17:38 | Report Abuse

0.310
huat ah

rr1688

3,170 posts

Posted by rr1688 > 2023-01-31 18:29 | Report Abuse

Cny ang pau mali...

rr1688

3,170 posts

Posted by rr1688 > 2023-01-31 18:34 | Report Abuse

King of the day...

bjgdila123

3,463 posts

Posted by bjgdila123 > 2023-01-31 20:29 | Report Abuse

mcm ni 0.70 mesti boleh

MichelleNg

1,031 posts

Posted by MichelleNg > 2023-01-31 20:50 | Report Abuse

One day show or real rebound?

Posted by Whiteevoque > 2023-01-31 21:41 | Report Abuse

Go 60sen lah if like this.
Dual listing in singapore like topglove huat ahh huat ah

Shines

2,729 posts

Posted by Shines > 2023-01-31 22:41 | Report Abuse

Day after tomorrow will know 1 day show or not

bjgdila123

3,463 posts

Posted by bjgdila123 > 2023-01-31 22:56 | Report Abuse

esok beli awal pagi ... apa pun harga.....

rr1688

3,170 posts

Posted by rr1688 > 2023-02-01 19:10 | Report Abuse

Kasi picah rekod...rm49...

Posted by deepsocket2000 > 2023-02-02 16:42 | Report Abuse

seriously..this is syndicate counter

bjgdila123

3,463 posts

Posted by bjgdila123 > 2023-02-02 19:32 | Report Abuse

0.50 will break this week

Lsly88

18 posts

Posted by Lsly88 > 2023-02-03 16:23 | Report Abuse

hahaha..mm confined all those who chased into their confinement centre liao..waiting to be operated

cherng

63 posts

Posted by cherng > 2023-02-10 09:19 | Report Abuse

this counter game over already

cherng

63 posts

Posted by cherng > 2023-02-10 09:22 | Report Abuse

big volume up next day same volume down, same pattern for yesterday, should be game over

cherng

63 posts

Posted by cherng > 2023-02-17 06:56 | Report Abuse

yesterday volume dun like previously.........

bjgdila123

3,463 posts

Posted by bjgdila123 > 2023-02-27 13:03 | Report Abuse

kutip kutip 0.50 coming

Shines

2,729 posts

Posted by Shines > 2023-03-01 10:59 | Report Abuse

Loss making woh, can still up haha

Shines

2,729 posts

Posted by Shines > 2023-03-01 13:49 | Report Abuse

This type of loss qr reporting can be listed in Sgx?

bjgdila123

3,463 posts

Posted by bjgdila123 > 2023-03-01 23:59 | Report Abuse

esok 0.50

Shines

2,729 posts

Posted by Shines > 2023-03-02 10:59 | Report Abuse

If 0.50 real can buy lagi haha

Shines

2,729 posts

Posted by Shines > 2023-03-04 19:58 | Report Abuse

Dont take profit it drop back, if took it will up more

bjgdila123

3,463 posts

Posted by bjgdila123 > 2023-03-05 14:21 | Report Abuse

bila Lyc listing in Spore

Huatttt

25 posts

Posted by Huatttt > 2023-03-07 11:11 | Report Abuse

long way to go

bjgdila123

3,463 posts

Posted by bjgdila123 > 2023-03-07 12:28 | Report Abuse

sapu sapu jgn tak sapu

Posted by wallstreetrookieNEW > 2023-03-15 16:33 | Report Abuse

Unusual buying volume: LYC Healthcare

Karlos

1,257 posts

Posted by Karlos > 2023-03-16 08:48 | Report Abuse

Listing of LYC subsidiary on Singapore Stock Exchange approved by the EGM yesterday and the lPO will be any time soon.

Posted by wallstreetrookieNEW > 2023-03-16 08:51 | Report Abuse

Morning

stainlyho37

2,253 posts

Posted by stainlyho37 > 2023-03-22 09:49 | Report Abuse

watch out Pharma..LYC..

123eztrade

642 posts

Posted by 123eztrade > 2023-03-24 07:04 | Report Abuse

LTC clearing gonna finish ?

Posted by Whiteevoque > 2023-03-26 20:34 | Report Abuse

Triangle correction should be completed for wave 2. Expect rebound and near term target of 32/34sen. Wave 3 target around 47-50sen.
Spore dual
Listing is soon and the datacentre project is in the process. Hopefully more good news for wave 3 uptrend move

Shines

2,729 posts

Posted by Shines > 2023-04-03 12:20 | Report Abuse

This type of counter, price can rocket meh?

Shines

2,729 posts

Posted by Shines > 2023-04-03 12:22 | Report Abuse

Already very less people are interested to buy, still keep washing until nobody are interested, then self play self song

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