This acquisition will be done through a special purpose vehicle called Advance Bridge Healthcare, which was incorporated for the acquisition and the scheme.
The key shareholders of Singapore Paincare Holdings (SGX:FRQ
) do not intend to increase the scheme consideration of 16 cents each to take the company private, and have stated that the scheme consideration is final, according to a bourse filing on June 10.
On May 28, the CEO and COO of Singapore Paincare Holdings set out to acquire all the shares in the company by way of a scheme of arrangement at 16 cents each.
