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Deals & Transactions
ZICO: Metro Invests S$6 million for 10% Stake in Hyphens Pharma’s Digital Healthtech Unit, DocMed Technology
27.05.2022
Led SGX-listed Hyphens and DocMed teams in the latter’s Series A fundraise which saw SGX-listed property and retail giant, Metro Holdings invest S$6 million for 10% (i.e. S$60 million post-money valuation). As part of the transaction, Hyphens undertook a restructuring exercise to transfer its shareholding in Pan-Malayan Pharmaceuticals to DocMed, making Pan-Malayan a wholly-owned subsidiary of DocMed. The restructuring was part of plans to consolidate all digital assets of the group under DocMed to develop an integrated digital healthtech platform.
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