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SGX:1H3

9 stories mentioning SGX:1H3Updated 27d ago

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Asia

Clearbridge Health Unit Sells Clearbridge Medical Hong Kong for HK$260,000

Clearbridge Health (SGX:1H3) 80.2%-owned unit Clearbridge Medical Group has sold 100% stake in Clearbridge Medical Hong Kong Corporation to Tengfai (Hong Kong) for HK$260,000.Under the terms of the contract, the consideration is payable in two equal instalments, according to a Friday filing to the Singapore stock exchange.The disposal is aimed at helping the group to streamline its operations and improve cost efficiency to focus its resources on its current operations.Clearbridge Medical Hong Kong operates Clearbridge Medical Centre, which is a family medicine clinic in Causeway Bay, Hong Kong.The disposal is expected to result in a loss on disposal of approximately SG$70,793. Clearbridge Medical Hong Kong was in a net liabilities position of approximately S$164,297 as at June 30, of which around SG$131,766 is attributable to the company.

SGX:1H3
Asia

Clearbridge Health to Divest Loss-Making Hong Kong Clinic Business

Clearbridge Health (SGX:1H3) unit, Clearbridge Medical Ground, has agreed to dispose of its entire stake in Clearbridge Medical Hong Kong for HK$260,000, according to a Friday filing with the Singapore Exchange.The disposal, which was completed on the same day, is expected to result in a loss of around SG$70,793.The buyer, Tengfai (Hong Kong), will assume Clearbridge Medical Hong Kong's ongoing operating costs, with the disposal allowing the healthcare services company to exit a loss-making asset and avoid continuing to fund its recurring costs in Hong Kong.

SGX:1H3
Asia

Clearbridge Health's Chief Business Officer Steps Down

Clearbridge Health's (SGX:1H3) chief business officer, Simon Hoo Kia Wei, will step down from the role, effective July 17, according to a Friday filing with the Singapore Exchange.Ahead of his cessation, Simon will retain a part-time role for an interim period.

SGX:1H3
Asia

Clearbridge Health Names COO

Clearbridge Health (SGX:1H3) named Xu Tianwei as the company's chief operating officer, effective July 1, according to a same-day filing with the Singapore Exchange.Tianwei was previously employed at Pan Asian Water Solutions.

SGX:1H3
Asia

Clearbridge Health Names Group CEO

Clearbridge Health (SGX:1H3) named Ong Choon Yi as its group chief executive officer and executive director, effective June 24, according to a Tuesday filing with the Singapore Exchange.Yi is a non-independent, non-executive director of ACMA (SGX: AYV), the filing said.

SGX:1H3
Asia

Clearbridge Health Completes Placement of More Than 2 Billion Shares Under Subscription Deals

Clearbridge Health (SGX:1H3) completed the placement of about 2.15 billion shares to the subscribers under proposed subscription agreements, according to a Monday filing with the Singapore Exchange.The shares are expected to be listed and quoted on the Catalist board on or around June 25.Earlier, the health services provider had signed subscription agreements to place around 2.15 billion new shares at SG$0.0018 per share, raising about SG$3.9 million.

SGX:1H3
Asia

Singapore Shares Rally Despite Ongoing US-Iran Conflict; Clearbridge Health Zooms 100%

Singapore shares showcased resilience, ending Thursday in green, despite mixed performances across regional indices, in line with the flaring up of tensions across the Middle East following new US attacks on Iran.The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,929.94 and 4,997.56 throughout the day. It ended the session at 4,988.10, up 29.25 points or 0.6% compared to Wednesday's close.On the corporate front, shares of Clearbridge Health (SGX:1H3) soared over 100% at the close as it signed subscription agreements to place around 2.15 billion new shares at SG$0.0018 per share, raising about SG$3.9 million.Q & M Dental (SGX:QC7) closed nearly 3% higher as it completed the acquisition of Ann Arbor Dental Surgery and issued 657,819 shares at SG$0.55 per share to vendors as part of the consideration.Meanwhile, shares of Ever Glory United (SGX:ZKX) were down over 1% as it allotted and issued 375,000 tranche C shares to vendors of Fire-Guard Engineering following the fulfilment of the 2025 profit milestones under the acquisition agreement.

^STISGX:1H3SGX:QC7SGX:ZKX
Asia

Clearbridge Health's Financial Controller Steps Down

Clearbridge Health's (SGX:1H3) financial controller, Tan Wei Chee, has resigned from the role, effective May 18, according to a Monday filing with the Singapore Exchange.He has left to "pursue other career opportunities," the filing said.

SGX:1H3
Asia

Clearbridge Health Unit Disposes of 100% Stake in Subsidiary

Clearbridge Health's (SGX:1H3) 80.2% owned subsidiary, Clearbridge Medical Group, agreed to dispose of its 100% stake in Clearbridge Lifestyle to Joseph Seow Kok Siam for SG$700,000, according to a Monday filing with the Singapore Exchange.Following the completion of the acquisition, Clearbridge Medical will no longer hold any interest in Clearbridge Lifestyle, with the latter also ceasing to be the company's subsidiary.Clearbridge Lifestyle is involved in the business of management consultancy services for healthcare organizations and holds the company's business with seven dental clinics across Singapore.The purchaser is an existing shareholder of Clearbridge Health and ClearbridgeDental Holdings, a subsidiary of Clearbridge Medical Group.

SGX:1H3

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