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Metal Component Engineering invests in Indonesian digital healthcare company as part of regional expansion

Felicia Tan
Felicia Tan9/2/2021 08:33 AM GMT+08  • 2 min read
Metal Component Engineering invests in Indonesian digital healthcare company as part of regional expansion
Indonesia has a burgeoning online economy with opportunities for digital health that extends to its provinces, says the company.
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Metal Component Engineering has signed a term sheet with PT Gaido Digital Medika (GDM), an Indonesian healthcare company, where the former will invest 7 billion rupiah ($0.66 million) in exchange for a 70% stake in GDM’s enlarged share capital.

The parties will be negotiating the terms and conditions of the term sheet with the intention to enter into a share purchase agreement (SPA) by Oct 30.

The agreement was signed by 5Digital, Metal Component Engineering’s fully-owned subsidiary.

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