HS Optimus Completes Acquisition of 30% Stake in Medicorp; Shares Surge 17%

MT Newswires
07/21

HS Optimus (SGX:504) completed the acquisition of a 30% stake in Medicorp and issued 185.2 million shares to the seller, according to a Monday filing with the Singapore Exchange.

Shares of the door manufacturer surged nearly 17% in Tuesday trading.

The new shares are expected to be listed and quoted on or around July 22.

Earlier, the company had agreed to acquire a 30% stake in Medicorp from Lee Rui Ren for SG$4.2 million.

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