Advance Bridge Healthcare Not to Increase Scheme Consideration for Singapore Paincare Acquisition; Shares Down 5%

MT Newswires

06-11

Advance Bridge Healthcare said that it has not intention to increase its scheme consideration to acquire all ordinary shares in Singapore Paincare (SGX:FRQ) according to a Tuesday filing with the Singapore Exchange.

This comes after the company received an offer from Advance Bridge Healthcare for the acquisition of the entire share capital of the company at SG$0.16 per share.

Shares of the company were down nearly 5% in recent trading.

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