HC Surgical will fund the acquisition via the issuance of 1.76 million new HC Surgical shares at 53.88 cents each and with $2.8 million in cash.
SINGAPORE (Sept 3): HC Surgical will acquire an additional 19% stake in Julian Ong Endoscopy & Surgery (JOES) for $3.8 million from seller Julian Ong Surgery.
The latest acquisition will bring its entire stake in JOES to 70%, making it a subsidiary of the group.
