Quest Asia is in the business of wholesale of medical, professional, scientific and precision diagnostic equipment. As at June 16, it has an existing issued and paid-up capital of $500,000 represented by 500,000 ordinary shares. The shares are entirely held by Chua and Wang.
OEL (Holdings) (SGX:584
) has proposed to acquire a 70% stake in Quest Asia for a consideration of $450,000.
The company’s wholly-owned subsidiary, AJJ Healthcare Management, entered into a definitive sale and purchase agreement (SPA) with Quest Asia’s shareholders, Chua June Gay and Wang Limei for the purchase on June 16.
