Medical Net announced a capital and business alliance with 日本医療支援 and will dispose of treasury shares through a third-party allotment to 日本医療支援. Key details, including the payment date, number of shares to be disposed of and amount raised, were disclosed.
Medical Net announced a capital and business alliance with 日本医療支援 and will dispose of treasury shares through a third-party allotment to 日本医療支援. The payment date is 15 September, the number of shares to be disposed of is 411,500, the disposal price is ¥243 per share and the estimated net proceeds are approximately ¥99.9245 million. 日本医療支援 is expected to hold a 4.28% stake in Medical Net after the disposal.
The business alliance will cover the joint development of dental and healthcare businesses in Japan, including preventive care, as well as support for opening and transferring practices and media-related businesses for dental healthcare professionals. Overseas, the parties plan to promote support for Japanese dentists opening practices and the multi-clinic expansion of the dental clinic operations conducted by the Group in Thailand, drawing on 日本医療支援's expertise.