HC Surgical, Medinex eye stake in medical goods retailer

Singapore

CATALIST-LISTED HC Surgical Specialists (HCSS) on Wednesday night said it is planning to subscribe for new ordinary shares in Healthcare Essentials Pte Ltd (HEPL), which is wholly owned by HCSS non-executive non-independent director Gjan Lim Chye Lai. This will result in HCSS holding a 20 per cent interest in HEPL.

Likewise, another Catalist-listed firm Medinex - which is controlled by HCSS - has also proposed to take a 20 per cent stake in HEPL by subscribing for new shares. Mr Lim is considered a third party to Medinex, it said in a filing on Thursday morning.