Healthbank Holdings Ltd. (SG:40B) has released an update.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
HealthBank Holdings Limited has announced the termination of a significant acquisition after a directive from SGX RegCo classified the move as either a very substantial acquisition or a reverse takeover. The company has incurred $165,000 in fees and expenses but anticipates no further liabilities. Initially, the Board focused on the commercial promise of the acquisition and conducted due diligence, including an independent valuation based on International Valuation Standards.
For further insights into SG:40B stock, check out TipRanks’ Stock Analysis page.