Mobile-health Network Solutions Share Purchase Agreement
Mobile-health Network Solutions entered into a share purchase agreement to acquire 19% of the issued share capital of Jurong Day & Night Clinic Pte. Ltd. for US$256,500. The purchase price will be satisfied through the issuance of 186,410 ordinary shares of Mobile-health Network Solutions. The transaction is subject to customary closing conditions, including satisfactory due diligence, corporate approvals, and regulatory approvals. The agreement includes a twelve-month performance period post-closing, with a condition that if performance targets are not met or if the company fails to complete the digital deployment of its software suite within nine months, the seller may repurchase the shares. This filing is classified as M_AND_A_DIVESTITURE.