Singapore, 8 March 2017 – Verita Healthcare Group (“Verita”) through its wholly owned subsidiary Verita Innovate Pte Ltd, has acquired a 97.6% equity stake in Allmedic Pty Ltd which is an Australian Skin Health company founded and operated by medical doctors who specialise and practice in the fields of skin cancer, medical cosmetology, molecular immunology, and skin allergies.

The company offers a medically researched solution for improving skin health via a range of skin protection and treatment products and devices.

The Company will be renamed Verita Allmedic Pty Ltd.