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Medinex Ltd. Completes Acquisition Consideration with Treasury Share Transfer

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Medinex Ltd. Completes Acquisition Consideration with Treasury Share Transfer

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The latest update is out from Medinex Ltd. ( (SG:OTX) ).

Medinex Ltd., a company incorporated in Singapore, has announced the transfer of 814,000 treasury shares to Lee Lay Lian as part of the consideration for the acquisition of Carlin Management Services Pte. Ltd. This transfer marks the full satisfaction of the acquisition consideration, reducing the company’s treasury shares to zero and potentially impacting its share capital structure.

The most recent analyst rating on (SG:OTX) stock is a Buy with a S$0.50 price target. To see the full list of analyst forecasts on Medinex Ltd. stock, see the SG:OTX Stock Forecast page.

More about Medinex Ltd.

Average Trading Volume: 87,486

Technical Sentiment Signal: Buy

Current Market Cap: S$32.51M

See more data about OTX stock on TipRanks’ Stock Analysis page.

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