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The latest update is out from Singapore Paincare Holdings Limited ( (SG:FRQ) ).
Singapore Paincare Holdings Limited has placed its 51%-owned subsidiary, Dermatology & Laser Specialist Clinic Pte. Ltd. (DLS), into a creditors’ voluntary winding-up after DLS’s directors concluded the clinic could no longer continue operations due to its liabilities. Deloitte Singapore’s Tan Wei Cheong and Lim Loo Khoon have been appointed as joint and several provisional liquidators, with forthcoming meetings of DLS’s members and creditors to vote on the formal winding-up and confirm their appointments; the parent company stressed that the liquidation is not expected to have a material impact on its net tangible assets or earnings per share for the current financial year, and that no directors or controlling shareholders have interests in the process aside from their existing roles or stakes.
More about Singapore Paincare Holdings Limited
Singapore Paincare Holdings Limited is a Singapore-incorporated healthcare group specialising in pain management and related medical services, operating through a portfolio of specialist clinics and subsidiaries to serve patients in the local healthcare market.
Average Trading Volume: 116,307
Technical Sentiment Signal: Sell
Current Market Cap: S$21.55M
See more insights into FRQ stock on TipRanks’ Stock Analysis page.