SINGAPORE (Sept 17): Accrelist, the provider of corporate accretion services, is set to acquire a 100% stake in The Wellness Clinic for a consideration of $16.96 million from current owner Verita Healthcare Group.

In a regulatory filing on Tuesday, Accrelist says the amount will be satisfied partially in cash which will be funded through a combination of internal resources and/or a fundraising exercise, while the remainder will be financed by the allotment and issuance of ordinary shares in the capital of the company at an indicative issue price of 12 cents per share.

Shares in Accrelist closed 1.5 cent higher at 8.1 cents on Tuesday, prior to the announcement.

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