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Singapore Medical Group set for overseas expansion with new strategic stake partner

PC Lee
PC Lee • 2 min read
Singapore Medical Group set for overseas expansion with new strategic stake partner
SINGAPORE (Feb 17): Singapore Medical Group says a leading Korean healthcare group is taking a 8.8% strategic stake in the provider of premium specialist healthcare services.
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SINGAPORE (Feb 17): Singapore Medical Group says a leading Korean healthcare group is taking a 8.8% strategic stake in the provider of premium specialist healthcare services.

CHA Medical Group will be subscribing to 30 million new SMG shares at 50 cents each or a 6% discount to its last closing price.

In a Friday note, Maybank analyst John Cheong says CHA is widely recognised as Korea’s leading expert in infertility, women’s health and maternity care, with 6,000 deliveries and 12,000 IVF cases annually.

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