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Medical rubber glove manufacturer Hartalega Holdings has incorporated a 70% owned subsidiary company in China called Foshan Dynamic.
Singapore-based dental group Unity Denticare is the latest company to sign an MOU with Malaysian online healthcare booking app BookDoc. The company has now pretty much cornered the dental market in Singapore. At the end of March signed an MOU with Q&M Dental Group, which operates the largest network of private dental outlets in the island state.
The majority of bondholders have decided to redeem their paper in Singapore-listed integrated healthcare services and facilities provider International Healthway Corporation.
Leading domestic media organisation Singapore Press Holdings is moving into healthcare with the acquisition of Orange Valley Healthcare from KV Asia Capital for S$164 million (US$118 million). The acquisition will be funded with a mixture of cash and debt.
TalkMed Group, a provider of medical oncology and palliative care health care services, has reported a 1.7% decline in profits for the first quarter of the year to S$8.4 million (US$6 million) on revenues that rose 1.4% to S$16.2 million.
Care home operator Pine Care Group has sold a care home in Kwun Tong, Kowloon, for HK$6.6 million (US$853,000) to Goal Achiever Ventures, a company incorporated in the British Virgin Islands.
Shares in Aoxin Q&M Dental Group (AQMD), a spin off of Singapore’s Q&M Dental Group, jumped 17.5% on their SGX debut today. The company raised S$9.1 million (US$6.5 million) selling 57 million shares at S$0.20 each on the Catalist board. SAC Capital handled the deal.
Wenzhou Kangning Hospital, the largest private psychiatric specialty care service provider in China, has delayed plans to list on the Shanghai Stock Exchange, thanks to difficulties with its lawyers.
Bangkok Dusit Medical Services, the largest private hospital operator in Thailand, plans to launch a Bt4 billion (US$116.5 million) bond in mid May. Bangkok Bank and Kasikornbank are joint leads on the deal.
Parkway Life REIT, which is owned by IHH Healthcare, has reported an 9.6% rise in distribution per unit (DPU) to S$0.0328 for the first quarter of 2017.

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Shares in Asia pulled back today on profit-taking after a solid week of gains. “Wall St achieved a strong performance on Thursday, but there’s little sign of any positive impact from the US on Asian stocks today. Falls for resources are weighing on the ASX, and shares have retreated in Tokyo, Shanghai and Hong Kong,” said the trading team at Saxo Capital Markets in Singapore. The Nikkei was off by 0.20% as traders unwound positions ahead of next week’s Golden Week holiday. Both the Shanghai Composite and the Hang Seng were down 0.34% and 0.45% respectively, with the ASX off by 0.18%.


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