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Raffles Medical Group Ltd Announces Completion Of Proposed Disposal Of Raffles Medical Management Pte Ltd


Thursday, 31 Oct 2013 06:42am EDT 

Raffles Medical Group Ltd announced that with reference to the announcement made earlier, in relation to entire issued and paid-up share capital of Raffles Medical Management Pte Ltd (the proposed RMM disposal). Pursuant to the sale and purchase agreement (the SPA) entered into between the Company and Diamante Holdings Limited in respect of the Proposed RMM Disposal, Raffles Medical Management Pte Ltd had on October 14, 2013, changed its name from Raffles Medical Management Pte Ltd to Orchard Investment Holdings Pte Ltd. The Company now announced that all the salient terms of the SPA have been fulfilled and satisfied, and completion of the Proposed RMM Disposal has taken place today. With effect from today, Orchard Investment Holdings Pte Ltd (formerly known as Raffles Medical Management Pte Ltd) will cease to be a subsidiary of the Company. 

Company Quote

4.0
-0.03 -0.74%
19 Sep 2014