AsiaMedic

AsiaMedic: signs non binding MOU with Myanmar’s Ni Ni Diagnostics and Healthcare to explore the possible establishment of a JV in Myanmar. The JV will operate an advanced imaging centre within Ni Ni Group’s current premises in Ahlone Township, Yangon. Established in 1993, the Ni Ni Group operates medical centres providing diagnostic imaging and laboratory services in Yangon. Headed by MD, Dr Nyi Nyi Han, the Ni Ni Group is currently staffed with 35 specialists from various medical fields such as cardiology, pathology, oncology, internal medicine, general surgery, obstetrics and gynecology and dermatology. Both parties will have 6mths from the date of MOU to enter into a formal JV. We note that as early as a few wks ago, AsiaMedic already said in The Edge magazine that it had plans to make inroads into Myanmar. The stock is +5.8% at $0.091 on decent volume.