●● Dr. Bernard Ng, Executive Director of 5Digital Pte Ltd, will take over as Chairman of the Board (“Chairman”) and Group CEO. The current Chairman and Chief Executive Officer, Chua Kentune, will assume the role of SVP of Engineering from June 7, 2022.
●● Management remodeling is at a crucial stage of change as the Group seeks opportunities in the digital healthcare sector beyond metal manufacturing and drives the next phase of growth.
Singapore – Media Outreach – June 6, 2022 – Meta Health Limited (“META” or “Company” and “Group” with its subsidiaries) Is pleased to announce a strategic restructuring of management as it strives to diversify and expand into the digital healthcare industry. Managing Director of 5Digital Pte Ltd (a wholly owned subsidiary of the Company) (“5 digital”), Dr. Bernard Ng will be reappointed as Chairman and Group CEO and will oversee the group’s pivot to the field of digital healthcare. With this new appointment, current Chairman and CEO Chua Kheng Choon will be able to move to the role of SVP of Engineering and continue to oversee the operations of the Group’s metal engineering business. Both Dr. Ng and Dr. Chua will take over the new role from June 7, 2022.
Dr. Ng has over 20 years of professional experience in the pharmaceutical and consumer health industry and has been appointed Chairman and Group CEO. He has a degree in medicine from Malaysian National University. He holds an MBA from the University of Melbourne in 1999 and 2011. Prior to joining the group, he was Chief Medical Officer at Bayer Consumer Healthcare and Head of Global Medical and Clinical Affairs.
He has a strong belief in digital transformation and spends his time on start-ups, pioneering technologies that can create significant value for healthcare professionals and their patients. As Group CEO, he leverages his medical and digital transformation expertise to lead META’s pivot to the consumer healthcare industry.
As one of the founders of META, Chua has over 35 years of experience in the precision metal stamping industry. Under his leadership, we have steadily grown from our founding as a stamping contractor to our position as a one-stop provider of machined products and services. Thanks to Mr. Chua’s continued efforts and guidance, revenue from the metal stamping business recovered strongly in 2021 to S $ 41.7 million, up 29% year-on-year, returning to the black last year. As Chua takes up new positions, he will continue to focus on providing high quality engineering solutions and expanding the customer base of the Group’s metal engineering business.
Last year, META deepened its presence in digital health-enabled services. Anchor investment began with the acquisition of an 85.07% stake in Gainhealth Pte Ltd. (“Gain Health”), Provides primary care and central pharmacy services along with both online and offline sales channels. META also announced a conditional sale agreement with PT Gaido Digital Medika (PT Gaido Digital Medika).“PTGDM”) And a stock subscription agreement to acquire up to 10% of the shares of MedTel Healthcare Private Limited (“Med Tel”). These strategic investments complement the group’s vision of becoming a leading healthcare services company in Southeast Asia, providing personalized healthcare within a carefully selected ecosystem of online and offline care providers and electronic pharmacies. , Research and data. Launch of “Digital Hospital”, a trademark product of PTGDM, in Indonesia Important traction. In an announcement by the G20 Business Council, Digital Hospital was identified as a partner of the Indonesia Tourism Medical Association in early March 2022...
The new personnel changes will allow the group to advance its strategic focus on digital healthcare and become the sector’s preferred solution provider. Dr. Ng works with industry veteran and 5Digital Chief Medical Officer Dr. Vas Metupalle, a healthcare entrepreneur with 17 years of experience.Previously established Dr. Metuparé, a company in the fields of Teleradiology (Clarity) and Telemedicine (MyDoc), has extensive experience in implementing diagnostic and outpatient medical services for corporate health and insurance partners. Dr. Ng and Dr. Metupalle have joined together to form a strong team of medical professionals who lay the foundation for META’s further exploration efforts in this area.
Dr. Bernard Ng said:Leading META is a great privilege for me and I would like to thank the Board of Directors for their trust. We look forward to strategically reviewing and implementing existing businesses, exploring new trends in business development in collaboration with management to create value for our shareholders. The Group will also consider accelerating revenue and profit growth targets through strategic acquisitions and expansion of current activities...“
About Metahealth Limited
Formerly known as Metal Component Engineering Limited, MetaHealth Limited (META) was founded in Singapore in 1987. With a consistent focus on quality and engineering innovations, META has a customer base by serving MNCs (Multinational Enterprises), EMS (Electronic Manufacturing Services), and SMEs (Small and Medium Enterprises) globally. Has been expanded. META has recently diversified into healthcare technologies and services with an investment in Gainhealth Pte. Ltd. is a direct-to-consumer, high-growth omni-channel health and wellness platform. META is vertically integrated with licensed clinics with product placement at pharmacies, online self-branded e-commerce portals, and regional e-commerce portals.
For more information, please visit: https: //metahealth.sg, www.5digital.com.sg and www.gainhealthclinic.com
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