The company's group CEO Abel Ang is a former EDB official and was recently appointed chairman of Republic Polytechnic.
Advanced MedTech, a medical equipment company chaired by former Singapore Economic Development Board (EDB) chairman Philip Yeo, is planning a Singapore listing as early as by end of the year. The company had considered a US IPO.
The medical device maker, backed by Temasek Holdings, might raise between US$200 million and US$300 million, and give the company a valuation of US$1 billion, reported Bloomberg News, citing unnamed sources.
