Asian Healthcare Specialists *Official* (SGX:1J3)

[Shion]

Asian Healthcare Specialists' IPO placement fully subscribed

https://www.theedgesingapore.com/asian-healthcare-specialists-ipo-placement-fully-subscribed

SINGAPORE (Apr 18): Orthopaedic group Asian Healthcare Specialists (AHS) says it has successfully completed the placement for its initial public offering (IPO), raising $10.8 million in gross proceeds.

Valid applications for all 46.9 million placement shares were received at the close of the application at 12 noon on Wednesday, says AHS in a filing.

The placement shares were priced at 23 cents each.

The group intends to use $9.5 million for business expansion and working capital purposes.

Upon completion of the placement, AHS’s total enlarged share capital now comprises 290 million shares with a market cap of $66.7 million immediately upon listing.

In a Wednesday filing after market close, AHS executive chairman and CEO, Chin Pak Lin, notes strong investor support in the IPO, which he believes to be reflective of confidence in the group’s track record and growth prospects.

“We believe that a listing on Catalist will allow us to access the capital markets to expand our business locally and regionally, as well as grow our talent pool to continue building our brand name. This indeed marks a major milestone for us as we work towards our goal of giving movement, quality and life to years,” says Chin.

Shares in AHS are due to commence trading on the Catalist board of the SGX at 9am this Friday.

 

[Shion]

Anyone managed to get allocated the shares ?

 

[badsector]

SGX: 1J3.SI

 

[appl888]

This one is placement only

Anyone managed to get allocated the shares ?

 

[XGZ1503]

Why need to raise fund through IPO? So now doctors became businessman?

 

[Mr. Wood]

Why need to raise fund through IPO? So now doctors became businessman?

nothing new. Thomas medical is also.
Other private clinics and hospeter docs have profit sharing. Sell more profit more earn more.

 

[XGZ1503]

So now we can trade this at sgx?

 

[Shion]

So now we can trade this at sgx?

Yes. But there is no volume.

 

[XGZ1503]

Yes. But there is no volume.

Since IPO no volume or get snapped up very quickly?

 

[Shion]

Since IPO no volume or get snapped up very quickly?

I never monitor this stock.
But from InvestingNote, I see this stock always low volume.

https://www.investingnote.com/stocks/SGX:1J3

 

[XGZ1503]

Good news?

https://www.businesstimes.com.sg/co...rs-heliconia-to-pursue-healthcare-investments

 

[mr_wealth]

This counter' s profit is up. With the current COVID situation, it is increasingly profitable in healthcare sector as ppl are trying to stay healthy.

Medical services group Asian Healthcare Specialists (AHS) posted a 56.4 per cent increase in net profit to S$2.45 million for the second half of the year. This brings full-year net profit up 73.2 per cent to S$4.48 million, it said an announcement on Friday (Nov 26), after trading hours. The board proposed a final one-tier exempt dividend of S$0.0028 per share, which will be subject to shareholders' approval at an upcoming annual general meeting. Together with the interim dividend payment of S$0.0042 per share declared on May 14 this year, the total dividend payment for FY 2021 will be S$0.007 per share. The group' s earnings growth comes on the back of stronger revenue, mainly due to the consolidation of the results of Cornerstone Asia Health, in which it acquired a 51 per cent stake in February 2020. In FY 2021, Cornerstone contributed S$13.7 million to the group' s revenue for the year, which stood at S$27.6 million.

AHS said its revenue growth was also due to an increase in the number of patient visits compared to last year and the commencement of operations of an ENT (ear, nose and throat) clinic in November 2020. AHS chief executive officer Chin Pak Lin said: " Being a medical professional myself, I understand the pressures and challenges of the profession and I would therefore like to extend my personal heartfelt thanks to each and every colleague for the unselfish dedication, commitment and courage in going beyond the call of duty." Shares of the Catalist-listed AHS ended Friday down 1.19 per cent or S$0.002 at S$0.166.