Pacific Healthcare (PHC): unchg today, but seeing above avg trading volume. Affluent Healthcare Hldgs Pte Ltd to subscribe for private placement of 62m shares, or 14.9% of enlarged share base in PHC, at issue price of $0.11/sh. Stock last traded at $0.12.
Net proceeds of $6.7m to be used to fund future expansion, strengthen equity base and reduce gearing. NAV/sh remains relatively unchg at 10.9cts, although EPS would drop to 1.58cts from 1.29cts, based on FYJun10 numbers.
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