The Board of Directors of Singapore Medical Group Limited announced that the company has entered into a Joint Venture Agreement with Dr. Wong Seng Weng, Dr. Ho Choon Hou and other 3 non-related individual investors and 1 non-related corporate investor with the objective to establish a company to explore and invest in potential growth and acquisition opportunities. Pursuant to the Joint Venture Agreement, the joint venture company, a limited liability company known as SMG International (Vietnam) Pte. Ltd., was incorporated on 15 December 2016 in the Republic of Singapore with an issued and paid-up capital of USD 170 consisting of 170 shares which were subscribed, paid up and owned by the shareholders.