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FINWIRES

USP Group Unit to Establish Medtech JV with Kimera Health

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USP Group's (SGX:BRS) subsidiary, Scientific and Industrial Instrumentation, agreed to a joint venture and commercial collaboration deal with Chimera Flux (S), Kimera Malaysia and PT Kimera Flux Indonesia to market and distribute healthcare and other associated products across Singapore, Malaysia and Indonesia.

The incorporation will require no capital contribution and will allow products to be distributed through Kimera's medical device licenses and registrations, according to a Wednesday filing with the Singapore Exchange.

The subsidiary has also signed a non-binding agreement to acquire up to 51% of one or more of Kimera's entities.

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