Mobile-Health Network Solutions agrees to buy 19% stake in Singapore’s Jurong Day & Night Clinic for US$ 256,500 in shares - MNDR News | RalliesMobile-Health Network Solutions agrees to buy 19% stake in Singapore’s Jurong Day & Night Clinic for US$ 256,500 in shares
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MNDR• Mobile-Health agrees to buy 19% stake in Singapore clinic operator
- Mobile-Health Network Solutions agreed to buy a 19% stake in Singapore clinic operator Jurong Day & Night Clinic for USD 256,500.
- Consideration will be paid in 186,410 Mobile-Health ordinary shares issued to the seller, subject to a nine-month lock-up.
- The seller will retain 81% ownership and operating control, with no board seat, observer rights, or voting control for Mobile-Health.
- Seller may repurchase the 19% stake within two years if performance targets or software integration within nine months are not met.
- Closing remains subject to due diligence, corporate actions, required Singapore healthcare approvals, and a Nasdaq additional shares filing.
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