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HC Surgical wins $5 mil investment from Temasek's Heliconia

Amala Balakrishner
Amala Balakrishner7/29/2019 11:15 AM GMT+08  • 3 min read
HC Surgical wins $5 mil investment from Temasek's Heliconia
SINGAPORE (July 29): Temasek Holdings-owned Heliconia Capital Management is investing $5 million in Catalist-listed HC Surgical Specialists, to support the endoscopy chain’s regional expansion.
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SINGAPORE (July 29): Temasek Holdings-owned Heliconia Capital Management is investing $5 million in Catalist-listed HC Surgical Specialists, to support the endoscopy chain’s regional expansion.

The $5 million will be invested through a three-year convertible bond, at an annual interest rate of 5.5%. According to the July 26 agreement, Heliconia has the option to convert to HC Surgical’s ordinary shares at 53.6 cents per conversion share.

Heliconia will also receive a three-year option to subscribe for up to another $5 million of new ordinary shares in HC Surgical.

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