Asiamedic to potentially buy Luyeellium Healthcare for S$42.2 mln

Friday, Apr 21, 2017

Asiamedic Limited Proposed Acquisition Of Luyeellium Healthcare Co Ltd. Entered into a conditional sale and purchase agreement with vendors in relation to proposed acquisition.

Aggregate consideration payable by company to vendors for proposed acquisition is S$42.2 million.

Consideration will be satisfied in full by allotment and issuance of 527.1 million new shares at S$0.080 per consideration share to vendors.

Vendors being Luye Medicals Group Pte Ltd, Park Heeseok, Hong Yong Su And Choi Jinseok.