Healthcare Global Enterprises Limited — Board Meeting, 23-02-2025: Outcome of Board Meeting

HealthCare Global Enterprises Limited has announced a board meeting outcome where it approved a share purchase agreement for the sale of up to 54% of its diluted voting share capital to two purchasers. The deal involves an upfront acquisition of 51% in two tranches, with the first tranche triggering a change in control of the company. The board also approved the termination of an existing investment agreement with the seller and the appointment of certain directors as non-executive members. Moreover, the articles of association will be amended following shareholder approval to reflect these changes.