Shares in Accrelist closed 1.5 cent higher at 8.1 cents on Tuesday, prior to the announcement.
The Wellness Clinic, located at Wheelock Place, specialises in non-surgical aesthetics treatments for dermatological conditions.
The group says that this acquisition is in line with its Medical Aesthetics arm’s goal to target the affluent clientele, while the group pursues international expansion simultaneously.
Accrelist recently opened its first two overseas medical aesthetics clinics in Penang and Kuala Lumpur, and expects to open two more clinics in Malaysia by the end of this year.
Terence Tea, executive chairman and managing director of Accrelist, says, “The proposed acquisition is expected to result in synergies for the group as we continue to grow Accrelist Medical Aesthetics.”
