SGX Stock Tips :Singapore Medical Group fully acquires Lifescan Imaging for $8.5 mil .

SINGAPORE (Aug 8): Singapore Medical Group (SMG) has proposed to completely obtain its 38.1% possessed related organization, Lifescan Imaging, an imaging and radiology firm, for a thought whole of $8.5 million.

In a Monday articulation, the medicinal services administrations supplier says the staying 61.9% stake would have contributed an extra net benefit of $348,000 for 1H16.

The profit accretive securing will be financed by means of the issuance of 33.36 million new SMG offers at around 25.6 pennies each, and conveys a cost to-income (P/E) proportion of 12.3.

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