BRIEF-Asiamedic to potentially buy Luyeellium Healthcare for S$42.2 mln
April 20 Asiamedic Limited
* Proposed Acquisition Of Luyeellium Healthcare Co Ltd
* Entered into a conditional sale and purchase agreement with vendors in relation to proposed acquisition
* Aggregate consideration payable by company to vendors for proposed acquisition is S$42.2 million
* Consideration will be satisfied in full by allotment and issuance of 527.1 million new shares at S$0.080 per consideration share to vendors
* Vendors being Luye Medicals Group Pte Ltd, Park Heeseok, Hong Yong Su And Choi Jinseok Source text for Eikon: Further company coverage: