Quantum Healthcare to Dispose of Legacy Subsidiary
MT Newswires10-09 13:47
Quantum Healthcare (SGX:V8Y) signed a sale and purchase agreement with EP Systems to sell its entire stake in QT Vascular for SG$1, according to a Thursday Singapore bourse filing.
The dental services company will pay a takeover fee of SG$150,000 in two tranches in exchange for purchaser undertakings, which include waivers and indemnifying the company against liabilities from a pervious dispute related to an intercompany debt of SG$5.4 million.
QT Vascular and its units had ceased their balloon catheter business in 2021 and had a net liability position of around SG$4.6 million as of June 30.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
