The proposed investment constitutes an interested person transaction (IPT) under Catalist rules, as HEPL is 100%-owned by HC Surgical Specialists’ non-executive non-independent director, Gjan Lim Chye Lai.
HC Surgical Specialists, the Catalist-listed medical services provider entered into a memorandum of understanding (MOU) with Healthcare Essentials Pte Ltd (HEPL) to subscribe to new ordinary shares in the latter amounting to a 20% interest in HEPL on the evening of Oct 7.
HEPL is a Singapore-based company specialising in the retail sales of pharmaceutical and medical goods and provision of management consultancy services.
