CHA Healthcare Operation Co., Ltd. and Singapore Medical Group Limited (Catalist:5OT) agreed to acquire 65% stake in CFC Global Pty Ltd on January 31, 2018. As per the terms of the transaction, Singapore Medical Group Limited will own 13% stake in CFC Global Pty Ltd. CHA Healthcare Operation Co., Ltd. will acquire 52% stake for AUD 22.1 million in cash. The transaction is expected to close on February 28, 2018. Luke Mountford of HopgoodGanim acted as legal advisor to CFC Global Pty. Ltd. Nigel Deed, Wayne Cahill, Genovieve Lajeunesse, Rachel Tate, Diana Oh, Sarah Yang, Jennie Mansfield, Ffion Whaley, Jake Saccardo, Tim Brookes, Emily McCracken, Anita Cade, Eoin Martyn, Marie Vlassis, Kenneth Tang, Rashi Lordan of Ashurst acted as legal advisor to Singapore Medical Group Limited and CHA Healthcare Operation Co., Ltd. The transaction is earning accretive.