HC Surgical Specialists to raise $8.1 mil in IPO for Catalist listing

SINGAPORE (Oct 25): Medical services group HC Surgical Specialists (HCSS) is selling some 30 million new shares at 27 cents each at its initial public offering (IPO) in conjunction with its listing on the Catalist board.

Led by CEO Dr Heah Sieu Min and COO Dr Chia Kok Hoong, HCSS operates a network of clinics throughout Singapore specialising in endoscopy and general surgical procedures.

The net proceeds of $6.15 million raised from the IPO will be used for the expansion of the group’s business operations locally and regionally; for the expansion of the group’s surgical facilities; and for general working capital purposes.

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