Asian Healthcare Specialists up 34.8% on partnership with Heliconia
Move is to pursue healthcare investments in S-E Asia as Heliconia has a strong network and regional expertise
Add BT as a preferred sourceClaudia Tan HS
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SHARES of Asian Healthcare Specialists (AHS) rose 34.8 per cent to S$0.24 on Thursday following news that it had entered a partnership with Temasek Holdings' Heliconia unit to pursue healthcare investments in South-east Asia, though some questioned if the deal was more favourable to Heliconia.
AHS said part of the investment will be funded with proceeds from convertible bonds it intends to issue to Heliconia, which will be converted into shares in AHS if healthcare or healthcare-related investments of more than S$10 million is undertaken, at S$0.1602 per conversion share.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
