Brief: Asiamedic to potentially buy Luyeellium Healthcare for S$42.2 mln

Asiamedic

20/04/2017 13:37

April 20 (Reuters) - Asiamedic Limited  ASIM.SI  
    * Proposed Acquisition Of Luyeellium Healthcare Co Ltd 
    * Entered into a conditional sale and purchase agreement 
with vendors in relation to proposed acquisition 
    * Aggregate consideration payable by company to vendors for 
proposed acquisition is S$42.2 million 
    * Consideration will be satisfied in full by allotment and 
issuance of 527.1 million new shares at S$0.080 per 
consideration share to vendors 
    * Vendors being Luye Medicals Group Pte Ltd, Park Heeseok, 
Hong Yong Su And Choi Jinseok 
 
Source text for Eikon:  ID:nSNZzX47B  
Further company coverage:  ASIM.SI  
 
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