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SMG ties up with South Korean medical group

Singapore group will make S$15 million share placement to subsidiary of CHA Medical

Published Fri, Feb 17, 2017 · 09:50 PM

Singapore

SINGAPORE Medical Group (SMG) has announced a strategic tie-up with a South Korean medical group to jointly work on new projects and render operational support in North Asia and South-east Asia.

As part of the collaboration, SMG will make a S$15 million share placement to CHA Healthcare Co (CHC), which is slated to become SMG's fourth-largest shareholder and the largest strategic equity partner with an 8.8 per cent stake.

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