Asian Healthcare Specialists up 34.8% on partnership with Heliconia

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.