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HC Surgical dips into IPO proceeds to buy endoscopy practice
Add BT as a preferred sourcePublished Mon, May 7, 2018 · 09:50 PM
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Singapore
MEDICAL services group HC Surgical Specialists said after Monday's trading close that it has reallocated about S$800,000 of its initial public offering net proceeds mainly to acquire a 51 per cent equity stake in Jason Lim Endoscopy and Surgery Pte Ltd (JLES).
On Monday, the listed group entered into a sale-and-purchase agreement for the equity stake in JLES for S$832,000. Post-acquisition, the sole proprietor behind the acquisition target, Jason Lim Wei-Min, will join HC Surgical as a specialist surgeon and will oversee JLES.
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