Fischer Medical Ventures Limited announced that its wholly-owned subsidiary, FMV Global Innovations Pte Limited, has invested in PT Fischer Pariko Medical Ventures. The investment secures a 75% stake in the Indonesian-based company, which is engaged in the wholesale of medical, professional, scientific, and precision equipment. PT Fischer Pariko Medical Ventures was incorporated on October 14, 2024, and has no turnover for the 2024-25 period, as it is a newly incorporated entity. The acquisition is considered a related party transaction as FMV Global Innovations Pte Limited is a 100% subsidiary of Fischer Medical Ventures Limited. However, the announcement does not specify the cost of acquisition or the nature of consideration, stating it as 'NA' and 'No direct Investment'. No governmental or regulatory approvals are deemed necessary for this acquisition, and the indicative time period for completion is also not applicable, suggesting the transaction is either complete or in its initial stages.
