HC Surgical Specialists, the Catalist-listed medical services provider entered into a memorandum of understanding (MOU) with Healthcare Essentials Pte Ltd (HEPL) to subscribe to new ordinary shares in the latter amounting to a 20% interest in HEPL on the evening of Oct 7.

HEPL is a Singapore-based company specialising in the retail sales of pharmaceutical and medical goods and provision of management consultancy services.

The proposed investment constitutes an interested person transaction (IPT) under Catalist rules, as HEPL is 100%-owned by HC Surgical Specialists’ non-executive non-independent director, Gjan Lim Chye Lai.

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