Mary Chia Signs MOU to Take Minority Stake in Telemedicine Company

MT Newswires ·  {{timeTz}}

01:06 AM EDT, 09/03/2021 (MT Newswires) -- Mary Chia (SGX:5OX) on Thursday signed a non-binding memorandum of understanding to acquire about 5% equity interest in telemedicine company Mobile-Health Network Solutions.

Under the MOU, the two companies will also explore other business opportunities in an effort to deliver new revenue avenues for both companies, according to a Thursday bourse disclosure.

However, the Singaporean beauty and wellness company has warned that there is no assurance that a definitive agreement will be entered between the two companies regarding the transaction.

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