Amala Foods Plc (GB:DISH) has released an update.
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Amala Foods Plc is progressing with its reverse takeover of Healthcare Medical Plus Pte Ltd, a healthcare group with subsidiaries in the Philippines, aiming to enhance its market value. The transaction involves a share consideration of £8 million, contingent on HMP achieving specific financial targets, and is subject to regulatory approval. This move is expected to tap into the growing Philippine healthcare sector, fueled by increased insurance coverage.
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