HC Surgical says put option on Julian Ong's endoscopy clinic safeguards its interest
The Catalist-listed healthcare group would get back more than what it paid if it were to sell back to surgeon Julian Ong its stake in his private practice
Singapore
HC Surgical Specialists (HCSS) said it would get back more than what it paid if it were to sell back to surgeon Julian Ong its stake in his private practice that it had bought from him.
The Catalist-listed healthcare group has a put option that requires Dr Ong to repurchase the 70 per cent interest in his endoscopy clinic, Julian Ong Endoscopy & Surgery (JOES). Were it to exercise the put option, the minimum consideration HCSS receives will be more than what it had forked out in total to acquire the stake, the company said on Monday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Spotify sued over alleged unpaid royalties
Keppel Reit unit obtains 131 billion won loan facility
US: Wall St inches up, set for weekly gains on rate-cut hopes
India's Zee Entertainment reports Q4 profit as advertising demand picks up
Halcyon Agri posts 88.2% rise in Q1 Ebitda
Keppel’s data centres CEO to become senior managing director, M1 CEO to helm connectivity portfolio