HC Surgical Specialists expands portfolio in 2024

Amongst its acquisitions included a 49% stake in GMH Endoscopy & Surgery.

HC Surgical Specialists Limited expanded its portfolio after it completed the acquisition of the remaining 49% equity interest in GMH Endoscopy & Surgery Pte. Ltd. (GMH) for a cash consideration of $636,000.

In the six months ending in November 2024, HC Surgical Specialist also acquired a 20% equity interest in HC (Ming) Pte. Ltd. (HCMC) for $2, and an additional 45% equity interest in Medistar Services Pte. Ltd. (MDS) for $89,000.

According to GMH's audited accounts as of 31 May 2024, the net asset value of the shares acquired was negative $66,000.

Audited accounts of HCMC and MDS, as of 31 May 2024, showed the net asset value of the shares acquired was negative $55,000 and $42,000, respectively.

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