Asian Healthcare Specialists Limited (Catalist:1J3) entered into a term sheet to acquire remaining 49% stake in Cornerstone Asia Health Pte Ltd from Ng Tay Meng, Seah Sheng Heang Geoffry, Khoo Shih Wee @ Lawrence Khoo, Ho Siew Hong and Cheng Ching Li. for SGD 16 million on April 9, 2021. The Consideration will be satisfied by newly issued ordinary shares of the Asian Healthcare Specialists Limited at an issue price of SGD 0.185 per share and cash of SGD 2.5 million. The vendors have agreed to exclusively negotiate the transaction for a period of three months commencing from the date of the term sheet and shall automatically terminate upon (i) the execution of the Definitive Agreements, mutual consent of the parties in writing or the expiry of the Exclusivity Period. The transaction is subject to various conditions precedent, including approval by the shareholders of the Asian Healthcare Specialists Limited. As of June 30, 2021, On completion of the sale and purchase of the Sale Shares ("Completion"), the Company will be the sole shareholder holding 100% of the total issued and paid-up share capital of Cornerstone Asia Health Pte Ltd. The Completion Date shall be the later of 30 July 2021 or the date falling one (1) business day after the last in time of the Conditions Precedent are satisfied or waived (as the case may be) in accordance with the SPA (or such other date as may be agreed in writing between the Vendors and the Company). As of July 21, 2021, the transaction was approved by acquirer shareholders in majority. Asian Healthcare Specialists Limited (Catalist:1J3) completed the acquisition of remaining 49% stake in Cornerstone Asia Health Pte Ltd from Ng Tay Meng, Seah Sheng Heang Geoffry, Khoo Shih Wee @ Lawrence Khoo, Ho Siew Hong and Cheng Ching Li. on July 30, 2021.