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Singapore Medical Group acquires stake in local aesthetics clinic, proposes rights issue

SMG plans for mergers and acquisitions, business expansion

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Nisha Ramchandani

Nisha Ramchandani

Published Thu, Mar 1, 2018 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Singapore

    CATALIST-LISTED Singapore Medical Group (SMG) is acquiring an 85 per cent stake in Pheniks which operates local aesthetics clinic SW1, with plans to expand the brand across the region.

    SMG will pay up up to S$6.5 million, with up to S$3 million paid in cash over three years, while the balance sum will be satisfied through the issuance of some 6.05 million new shares at S$0.578 per share.

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