Singapore: Asian Healthcare acquires remaining shares of Cornerstone for S$16m

Asian Healthcare Specialists is to acquire the remaining 49% of shares outstanding in Cornerstone Asia Health (CAH) for an aggregate S$16m (US$11.8m) consisting of S$2.5m in cash and S$13.5m in new shares of Asian Healthcare to be issued at S$0.185 per share. Asian Healthcare had previously completed an acquisition of a 51% shareholding interest in…