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25-10-2024, 12:09 AM
I think the Q2 gives a good insight on the workings of the BOD.
For e.g., my layman understanding was the more technical stuff (e.g. review financial statements of an "investee company") is done by the management e.g. accountant/CFO, and the BOD is geared more towards strategic matters of the company.
Well, learning never stops.
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https://sgpaincare.com/
"Singapore Paincare Holdings Limited (“Singapore Paincare” or “the Group”) is a healthcare group with a focus on the treatment and management of chronic and acute pain. It was incorporated in 2018 and has been listed on the Singapore Exchange (SGX) since 30 July 2020.
The Group includes general practitioner clinics, specialist clinics, physiotherapy centres, a TCM clinic, and health screening facilities. Our holistic pain care ecosystem caters to patients at every point in their pain management journey."
https://links.sgx.com/FileOpen/SPCH-Resp...eID=822933
"The Board had utilised the due diligence report (both legal and finance), shared by another investor.
Grant Thornton conducted the financial due diligence. The Board had looked at PuXiang’s financial health through the report. The Board also reviewed PuXiang’s audited financial statements, balance sheets, profit-and-loss statements, and cash flow reports and looked at their trends in revenue growth, profitability, and debt levels"
For e.g., my layman understanding was the more technical stuff (e.g. review financial statements of an "investee company") is done by the management e.g. accountant/CFO, and the BOD is geared more towards strategic matters of the company.
Well, learning never stops.
-----------
https://sgpaincare.com/
"Singapore Paincare Holdings Limited (“Singapore Paincare” or “the Group”) is a healthcare group with a focus on the treatment and management of chronic and acute pain. It was incorporated in 2018 and has been listed on the Singapore Exchange (SGX) since 30 July 2020.
The Group includes general practitioner clinics, specialist clinics, physiotherapy centres, a TCM clinic, and health screening facilities. Our holistic pain care ecosystem caters to patients at every point in their pain management journey."
https://links.sgx.com/FileOpen/SPCH-Resp...eID=822933
"The Board had utilised the due diligence report (both legal and finance), shared by another investor.
Grant Thornton conducted the financial due diligence. The Board had looked at PuXiang’s financial health through the report. The Board also reviewed PuXiang’s audited financial statements, balance sheets, profit-and-loss statements, and cash flow reports and looked at their trends in revenue growth, profitability, and debt levels"