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AsiaMedia Increases Equity Stake in Healthwho.com

[SINGAPORE] AsiaMedic Limited has increased its shareholding in healthcare portal operator Healthwho.com Pte. Ltd., which it co-owns with Internet services provider ASPOnline.

The publicly-listed company announced before the Christmas holidays that it had subscribed for an additional 516,000 shares of S$1.00 (US$.60) each in the share capital of Healthwho.com Pte. Ltd., thus raising its equity stake in the company to 45.57 percent.

The Healthwho.com portal launched almost exactly a year ago serves medical practitioners as well as the general public. Revenue comes mainly from B2B e-commerce transactions enabled by a clinic management system that is distributed free of charge to the medical community, and from e-classifieds.