Beverly JCG 9QX and its wholly-owned subsidiary Beverly Wilshire (BW) Group have announced the acquisition of BK Aesthetics Clinic at 100AM Mall in Tanjong Pagar.
On April 9, the beauty and wellness medical group entered into a sale and purchase agreement to acquire BK Aesthetics Clinic to enhance its portfolio in the healthcare and wellness sector.
The acquisition was settled through a share exchange valued at 1.5 cents per share, and underscores Beverly JCG ’s investment in regional growth and expansion, according to the company.
By incorporating BK Aesthetics Clinic into its portfolio, Beverly JCG says it is setting a strong foundation for growth through a foray into Singapore and signals its intention to explore further acquisition opportunities.
This initiative also aligns with the company’s broader objective to become a leading regional player in healthcare, wellness and beauty.
Ng Tian Sang, deputy chairman and CEO, says: “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.”
See also: Luxury spa treatments by Valmont now available at The Westin Singapore's Heavenly Spa
Shares in Beverly JCG closed unchanged at 1.1 cents on April 11.
