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MARKETS & INVESTING | Staff Reporter, Singapore

Asian Healthcare Specialists debuts in SGX Catalist board

It opened at 34.5 cents per share today.

The Singapore Exchange (SGX) today welcomed Asian Healthcare Specialists Limited to its Catalist board under the stock code 1J3. It opened at 34.5 cents per share today.

According to an announcement, Asian Healthcare Specialists is a healthcare service provider, specialising in a wide spectrum of general and sub-specialised orthopaedic, trauma and sports services such as knee and hip replacements, sports medicine and surgery, spine surgery, foot and ankle surgery and minimally invasive orthopaedic procedures. "The Group currently has five medical specialists operating at four clinics under 'The Orthopaedic Centre' brand," it said.

Asian Healthcare Specialists executive chairman and CEO Chin Pak Lin commented, “This IPO marks a major milestone for the Group as we work towards our goal of giving movement, quality and life to years. Most orthopaedic disorders are age-related, and given the ageing population in Southeast Asia, we believe there will be continued strong demand for high quality orthopaedic services such as those provided by our Group.”

With a market cap of about $70m, the listing of Asian Healthcare Specialists brings the total number of healthcare companies listed on SGX to 36 with a combined market cap of more than $60b. The total number of companies listed on Catalist rises to 204, with a combined market capitalisation of over $12b.

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