Asian Healthcare Specialists inks investment deal with Temasek unit

Singapore

CATALIST-LISTED orthopaedic services provider Asian Healthcare Specialists (AHS) disclosed on Monday that it has entered an investment agreement with Vanda 1 Investments, which is managed and controlled by Temasek Holdings unit Heliconia Capital Management.

AHS is proposing to issue a zero-coupon convertible bond with a principal sum of S$5 million due in 2021, convertible in whole or in part into fully-paid ordinary shares at 25 Singapore cents per conversion share, subject to adjustments.