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OUE Lippo Healthcare Limited ( (SG:5WA) ) has provided an update.
OUE Lippo Healthcare Limited announced the cessation of shareholding by Browny Healthcare Pte. Ltd., which held a 19.32% stake in the company. This follows a share purchase agreement with Treasure International Holdings Pte. Ltd., a subsidiary of OUE Limited, which will increase OUE Limited’s stake to approximately 89.68%. The termination of a memorandum of understanding with Browny Healthcare and the resignation of its nominated director are expected, but these changes are not anticipated to materially impact the company’s financials. The company expressed appreciation for Browny Healthcare’s contributions and looks forward to further collaboration with OUE Limited.
More about OUE Lippo Healthcare Limited
OUE Lippo Healthcare Limited is a company incorporated in Singapore, operating in the healthcare industry. It focuses on providing healthcare services and facilities, with a market focus on expanding its strategic growth plans and strengthening collaborations.
Average Trading Volume: 1,199,251
Technical Sentiment Signal: Buy
Current Market Cap: S$120M
See more insights into 5WA stock on TipRanks’ Stock Analysis page.