UG Healthcare has received the listing and quotation notice (LQN) from Singapore Exchange (SGX) for the listing and quotation of some 410.0 million new ordinary shares on the Catalist board.

The company had, on August 31, proposed a one-to-three share split on a date to be determined by the board.

As at August 31, UG Healthcare has an issued and paid-up share capital of $58.7 million comprising 205.0 million shares.

Following the completion of the share split, the company will have an issued and paid-up share capital of $58.7 million comprising 615.0 million shares.

UG Healthcare is expected to obtain approval from its shareholders for the split at its extraordinary general meeting (EGM) on September 18.

Shares in UG Healthcare closed flat at $2.36 on September 15.