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Beverly JCG Embarks on Journey to Become Regional Player in Healthcare, Wellness and Beauty
11 Apr 2024
- Acquisition of BK Aesthetics Clinic at 100AM Mall, Tanjong Pagar
- Consideration of S$117,026 based on independent asset valuation and share exchange at S$0.015 per piece
SINGAPORE, 11 April 2024 – Beverly JCG Ltd. (SGX: 9QX) (the “Beverly JCG” or the “Company”, and together with its subsidiaries, the “Group”), a reputable brand in Malaysia, together with Beverly Wilshire (“BW”), a multi-award-winning integrated beauty and wellness medical group specialising in cosmetic surgery, aesthetic medicine, general and specialist dental aesthetics, hair restoration and a range of healthy ageing and wellness services, wishes to announce that on 9 April 2024, the Company has entered into a sale and purchase agreement to acquire BK Aesthetics Clinic located at #04-11 and #04-12, 100AM, 100 Tras Street, Singapore, to enhance the Group’s portfolio in the healthcare and wellness sector.
The acquisition, settled through a share exchange valued at S$0.015 per share, underscores Beverly JCG’s investment in regional growth and expansion. By incorporating BK Aesthetics Clinic into its portfolio, Beverly JCG is setting a strong foundation for growth through a foray into Singapore and signals its intention to explore further acquisition opportunities. This initiative aligns with the company’s broader objective to become a leading regional player in healthcare, wellness, and beauty.
Dato' Ng Tian Sang, Deputy Chairman and CEO, stated, “This transformative acquisition marks a pivotal step in our ambition to establish Beverly JCG as the preeminent force in the region’s healthcare, beauty, and wellness industry. We remain committed to pursuing growth opportunities that will propel us to new heights, solidifying our position as a trusted provider of unparalleled value to our clients and shareholders.”
Beverly JCG's acquisition of BK Aesthetics Clinic marks the start of its ambitious journey to dominate the healthcare, wellness, and beauty industry in the region. The company promises innovative solutions and exceptional service quality to its clientele.