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4 months ago
BRIEF-Asiamedic to potentially buy Luyeellium Healthcare for S$42.2 mln
April 20, 2017 / 3:41 PM / 4 months ago

BRIEF-Asiamedic to potentially buy Luyeellium Healthcare for S$42.2 mln

April 20 (Reuters) - Asiamedic Limited

* Proposed Acquisition Of Luyeellium Healthcare Co Ltd

* Entered into a conditional sale and purchase agreement with vendors in relation to proposed acquisition

* Aggregate consideration payable by company to vendors for proposed acquisition is S$42.2 million

* Consideration will be satisfied in full by allotment and issuance of 527.1 million new shares at S$0.080 per consideration share to vendors

* Vendors being Luye Medicals Group Pte Ltd, Park Heeseok, Hong Yong Su And Choi Jinseok Source text for Eikon: Further company coverage:

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