News and Announcements
ISEC Healthcare Ltd – Financial Statements and Third Quarter Results
- Published November 06, 2015 12:20PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
ISEC Healthcare Ltd. (the “Company”) was listed on Catalist of the Singapore Exchange Securities Trading Limited (the “SGX-ST “) on 28 October 2014. The initial public offering of the Company (the “IPO”) was sponsored by PrimePartners Corporate Finance Pte. Ltd. (the “Sponsor ” or “PPCF”).
This announcement has been prepared by the Company and its contents have been reviewed by the Sponsor for compliance with the SGX-ST Listing Manual Section B: Rules of Catalist. The Sponsor has not verified the contents of this announcement.
This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX- ST assume no responsibility for the contents of this announcement including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in this announcement.
The contact person for the Sponsor is Ms Keng Yeng Pheng, Associate Director, Continuing Sponsorship, at 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318, telephone (65) 6229 8088.
Background
ISEC Healthcare Ltd. (the “Company”) was incorporated in the Republic of Singapore on 2 January 2014 under the Companies Act (Chapter 50) of Singapore as a private limited company. The Company and its subsidiaries (the “Group”) were formed pursuant to a restructuring exercise (the “Restructuring Exercise”) prior to listing on the Catalist of the SGX-ST on 28 October 2014. Please refer to the Company’s offer document dated 14 October 2014 for further details on the Restructuring Exercise.
On 22 September 2014, ISEC Eye Pte. Ltd. (“ISEC Eye”) (which was a standalone entity then) acquired the entire businesses of Lee HM & Co Pte. Ltd., Singapore Lasik Hub Pte. Ltd., Perfect Vision Eye Centre Pte. Ltd. and Lee Hung Ming Eye Centre Pte. Ltd. (collectively, “LHM Companies”), each wholly-owned by Dr Lee Hung Ming, as part of the Restructuring Exercise to streamline the Group’s business operations.
On 26 September 2014, the Company completed the acquisition of the entire issued and paid up share capital of ISEC Sdn. Bhd. and its subsidiaries, by way of pooling-of-interest, and ISEC Eye, by way of acquisition accounting. Accordingly, ISEC Eye became a wholly-owned subsidiary of the Company and the Group consolidated the results of ISEC Eye with effect from 26 September 2014.
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