Singapore: AHS completes Cornerstone acquisition

SGX-listed orthopaedic specialists Asian Healthcare Specialists (AHS) has completed the acquisition of a 51% stake in medical group Cornerstone Asia Health for S$32m (US$23.5m). The acquisition was paid for with the issuance of 104 million new shares in AHS at S$0.26 each, and S$5 million in cash from the proceeds of AHS’s initial public offering…

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