MAJORITY STAKE IN SINGAPORE MEDICAL FIRM TO BE BOUGHT BY LYC HEALTHCARE

Highlights:

• LYC Healthcare Bhd will be acquiring a 51% stake in Singapore based T&T Medical Group Pte Ltd.
• The stakes will be for S$7.29 million which is equivalent to RM22.27 million.
• LYC is expecting that the deal will enhance the group’s earning base with a guaranteed profit of S$3.9 million in over three years.

LYC Healthcare Bhd is planning to acquire a 5....