Vietnam: SMG increases its stakes in CCAI

Beng Teck Liang, chief executive officer of Singapore Medical Group

Private specialist healthcare provider Singapore Medical Group (SMG) has upped its stake in Vietnam-based CityClinic Asia Investments (CCAI) to 24.4%. In January 2017, SMG took an initial 16% stake in CCAI, which operates two clinics in Ho Chi Minh City. Eight months later, SMG signed a convertible loan facility of up to US$689,359 with the…

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