Fischer Medical Ventures Limited has informed the Exchange about General Updates
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Fischer Medical Ventures Limited announced that its wholly owned subsidiary, FMV Global Innovations Pte Limited, has acquired a 75% stake in PT Fischer Pariko Medical Ventures, a newly incorporated company based in Indonesia. The acquired entity is in the healthcare sector, specifically dealing in wholesale of medical, professional, scientific and precision equipment. The target company was incorporated on October 14, 2024, and reported nil turnover for FY 2024-25 as it is newly set up. The investment is being treated as a related party transaction since it flows through the subsidiary, and no direct investment was made by the listed company. The acquisition is part of the company's international expansion into the Indonesian healthcare market.
This signals Fischer Medical Ventures' international expansion into Indonesia's healthcare equipment sector through a subsidiary route. For shareholders, this could mean future revenue diversification, but since the target is newly incorporated with no current turnover, any financial contribution will take time to materialize.