SINGAPORE, May 9, 2024/PRNewswire/ -- EUDA Health Holdings Limited (“EUDA” or the “Company”) (NASDAQ: EUDA), a health technology company headquartered in Singapore that operates Southeast Asia's first digital healthcare system, is pleased to announce today that it has successfully completed the acquisition of CK Health Plus Sdn Bhd (“CK Health”). This strategic move marks the expansion of EUDA's business in Malaysia and demonstrates its commitment to driving healthcare transformation in the region.
CK Health is a Malaysian direct seller focusing on the sale of comprehensive health consumer products, providing high-quality products that enhance comprehensive health standards. Through this acquisition, EUDA successfully gained CK Health's distribution network, customer base and professional experience in the health industry.
Dr. Chen Weiwen, CEO of EUDA, highly appreciated the acquisition. He said, “We warmly welcome CK Health to the EUDA family. This acquisition is highly consistent with the company's mission, and we are committed to enabling people to live healthier lives through innovative technology and comprehensive health solutions. Together, we will use the benefits of integration to improve public health and have a lasting positive impact on the communities we serve.”
The company's management believes that the core benefits and synergies brought about by this acquisition include:
- Market expansion: EUDA's acquisition of CK Health enabled the company to enter the Malaysian market, a key strategic move that strengthened the company's strength in the region and accelerated business growth.
- Product diversification: By integrating CK Health's comprehensive health products, EUDA has enriched the product supply to meet a wider range of health needs and preferences.
- Enhanced distribution channels: CK Health's network of distributors and retailers enables EUDA to reach a wider audience and effectively drive market penetration.
- Complementary expertise: EUDA's technical strength is combined with CK Health's industry experience to form a collaborative partnership that will jointly drive innovation and excellence in the health sector.
Through this strategic acquisition, EUDA remains committed to creating value for its stakeholders, including customers, partners, and shareholders. Based on a shared vision, EUDA and CK Health will help improve public health and well-being, and jointly lead Southeast Asia towards a healthier and more dynamic future.
For more information about EUDA Health Holdings Limited and its innovative healthcare solutions, visit.
regardingEUDA Health Holdings Limited
EUDA Health Holdings Limited is a health technology company headquartered in Singapore that operates the first digital healthcare system in Southeast Asia. It is committed to making healthcare services affordable, convenient, and providing patients with better treatment results through personalized healthcare services to improve the patient experience. The company's proprietary unified artificial intelligence platform can quickly assess patients' medical history, classify conditions, digitally connect patients and clinicians, and predict optimal treatment outcomes. EUDA's comprehensive services support patients at all stages of care, including health and prevention, emergency care and emergency care, management of pre-existing conditions, and follow-up care services.
Important information for investors and shareholders
This announcement relates to transactions proposed by EUDA and does not constitute an offer to sell or exchange any securities, nor a solicitation of offers to buy or exchange any securities. Such an offer, sale, or exchange is unlawful in any jurisdiction, and no securities may be sold until registration or qualification under that jurisdiction's securities laws.
Forward-looking statements
Some of the statements contained in this press release are not historical facts, but forward-looking statements. Forward-looking statements generally include words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “should,” “plan,” “future,” “look forward,” etc., and similar expressions that predict or indicate future events or trends, or even if these words are missing from certain non-historical factual statements, this does not mean that the statement is not a forward-looking statement. These forward-looking statements include, but are not limited to, statements relating to estimates and predictions of performance indicators and predictions of market opportunities. These statements are based on various assumptions (whether stated in this press release or not) and current expectations of EUDA management, rather than predictions of actual performance. These forward-looking statements are for illustrative purposes only, have no intention of acting, and should not be considered by any investor as a guarantee, prediction, or final statement of fact and probability. Actual events and situations are difficult or impossible to predict, and will differ from hypothetical circumstances. Many factual events and circumstances are beyond EUDA's control, and some significant factors that may cause actual results to differ materially from any forward-looking statements may include changes in domestic and foreign business, market, financial, political, and legal conditions.
These forward-looking statements are subject to a range of risks and uncertainties. These risks and uncertainties include, but are not limited to, the factors described in the “Risk Factors” section of the annual report submitted to the US Securities and Exchange Commission (SEC) on June 28, 2023. Significant factors that may affect actual results include: the party concerned's inability to successfully or promptly complete the transaction, including failure to obtain any necessary regulatory approval, delay, or being subject to unexpected conditions that could adversely affect the EUDA or the expected return of the transaction (if not approved); failure to achieve the expected benefits of the transaction; issues discovered by EUDA in completing due diligence on other interested parties; costs associated with the transaction; failure to meet the conditions to complete the transaction; and the outcome of any legal action that may be initiated against the EUDA in connection with the transaction. Significant factors that may cause EUDA's actual results to differ materially from those discussed in the forward-looking statement include: EUDA's ability to manage business growth; EUDA's ability to execute its business plans; EUDA's estimate of the market size of its products and services; market acceptance rate and degree of acceptance of EUDA products and services; EUDA's ability to determine and consolidate acquisitions; potential lawsuits involving the validity or enforceability of EUDA or intellectual property rights; and general economic and market conditions affecting demand for EUDA products and services.
If any of these risks materialize, or if our assumptions prove false, actual results may differ materially from those implied in these forward-looking statements. Additionally, other risks that EUDA may currently know or consider unimportant may cause actual results to differ from those contained in the forward-looking statements. Furthermore, the forward-looking statement reflects EUDA's current expectations, plans, predictions and views on future events as of the date of publication of this statement. Nothing in this press release shall be construed as a guarantee that the forward-looking statements described herein will be achieved or that any results contemplated in the forward-looking statements will be achieved. You should not rely too much on the forward-looking statements in this press release, which are effective only on the date they are posted, and are solely subject to the cautionary statements in this statement and the risk factors described above. The EUDA anticipates that subsequent events and developments will lead to changes in its assessment. However, while EUDA may choose to update these forward-looking statements at some point in the future, it clearly states that it has no obligation to do so unless required by law. These forward-looking statements should not be considered EUDA's assessment after the date of publication of this press release. Therefore, forward-looking statements should not be overly relied upon.
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