Catalist-listed Metal Component Engineering announced that its shareholders have approved the company’s proposed name change to Meta Health Limited, following the company’s extraordinary general meeting held on Jan 17. This name change will come into effect from Jan 17.
This move is in line with the company shifting its business direction towards the healthcare and e-commerce industry. Its diversification started in 2021, where it took steps to diversify its business offerings beyond mechanical manufacturing solution and invested actively in target companies operating in the health and wellness sectors, as well as e-commerce business.
In response to its new focus, the group is also welcoming the appointment of Dr Bernard Ng Kee Huat as an executive director of 5Digital, the group’s digital health platform.
In 2022, the group will increase its focus on providing personalised healthcare, bridging the gap between clinical offerings and specific patient needs.
“We have strengthened our senior management team over the last few months, and we feel that now we are in a commanding position to work towards realising Meta Health’s vision of providing personalised healthcare working within our ecosystem of online/ offline care providers, e-pharmacy and leveraging on healthcare data,” says chief investment officer for Meta Health, Ahillan Pupalasingam.
Adding on, Ng says, “I firmly believe that the group has laid a strong foundation in its strategic move towards the healthcare sector and for 2022, we will continue to strengthen our vision of providing care at home, bridging the digital divide for the elderly who will benefit most from it. We have been strong on primary care services online and with homecare nursing support with Gainhealth investment, and this year we will focus on specialist care services, leveraging more on technology to provide care at home to reduce the cost and burden to hospitals.”
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The group will also continue to manage acute Covid-19 cases, as well as the long-term sequalae post infection with its group of with infectious diseases specialists, respiratory and mental health professionals.
Shares in Metal Component Engineering closed flat at 4.8 cents on Jan 17.
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