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Econ Healthcare (Asia) Limited - Balloting Results

Econ Healthcare ("Econ" or the "Company") announced that its public offering of 1.8m shares was 86.9x subscribed. Including the 48.2m placement shares, the offering was around 4.1x subscribed. Mr Ong Chu Poh (王再保), founder, Executive Chairman and Group Chief Executive Officer of Econ Healthcare, said: "We are highly encouraged by the response we have garnered for our IPO, which is indicative of the investing public's recognition of Econ Healthcare's growth potential. We believe that our established track record of 30 years of experience in senior care, as well as our resilient business model, will enhance the Group's market position in the industry as we scale and expand our service offerings."   "We are committed to serve the senior community, and bring the best of care and service to families and communities in the region. I am confident that we are in a good position to capture the growth opportunities that exist with the growing ageing

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