Advance Bridge Healthcare is 70% owned by executive chairman and CEO of Singapore Paincare Holdings Dr Lee Mun Kam Bernard and 30% owned by executive director and COO Dr Loh Foo Keong Jeffrey.
The key shareholders of Singapore Paincare Holdings (SGX:FRQ
) have set out to acquire all the shares in the company by way of a scheme of arrangement at 16 cents each.
This acquisition, according to a bourse filing on May 28, will be done through a special purpose vehicle called Advance Bridge Healthcare, which was incorporated for the acquisition and the scheme.
