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UG Healthcare Corp. Ltd. ( (SG:8K7) ) just unveiled an update.
UG Healthcare Corporation Limited announced an increase in its equity interest in its US subsidiary, UG USA, from 50% to 75% by acquiring an additional 25% stake for US$500,000. This acquisition signifies the company’s strategic move to enhance its operational and management control over UG USA, further solidifying its distribution capabilities and market presence in the US healthcare sector.
More about UG Healthcare Corp. Ltd.
UG Healthcare Corporation Limited operates in the healthcare industry, primarily focusing on the production and distribution of disposable examination gloves under the UNIGLOVES brand. It has a significant market presence in the United States through its subsidiary UG USA, which serves as a key downstream distribution network.
YTD Price Performance: -2.50%
Average Trading Volume: 149,386
Technical Sentiment Consensus Rating: Buy
Current Market Cap: S$72.99M
See more data about 8K7 stock on TipRanks’ Stock Analysis page.