Health City Cayman Islands Ltd. (HCCI), a wholly owned subsidiary of the company, has recently made a significant investment in Cayman Integrated Healthcare Limited (CIHL), a step-down subsidiary. On December 6, 2024, HCCI infused USD 1.5 million by subscribing to 150,000 ordinary shares in CIHL. This subscription will increase HCCI's total investment in CIHL to USD 5.55 million.

The shares were allotted at a nominal value of USD 10 per share, comprising USD 0.01 par value and USD 9.99 share premium. This infusion is aimed at meeting the working capital needs of CIHL, supporting its operational growth. CIHL, which operates in the health insurance sector, was incorporated on September 28, 2022, and currently has its registered office in the Cayman Islands.

The transaction, falling under related party transactions as defined under SEBI Listing Regulations, involves a holding company and its wholly owned subsidiary, with the promoter group having no direct interest in the deal. The terms of the transaction are aligned with arm’s length principles, ensuring fair business practices and compliance with SEBI regulations.

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CIHL’s gross earned revenue for the fiscal year 2025 (up to November) is reported to be USD 1.32 million, marking its initial revenue generation since its incorporation. The previous fiscal years saw no revenue. With this strategic investment, the entity is poised for growth in the healthcare sector, focusing on the health insurance industry.

This infusion underscores the growing importance of healthcare investments in global markets, especially in the Cayman Islands, a region known for its favorable business climate. The acquisition solidifies HCCI's commitment to enhancing its portfolio and supporting its subsidiaries' financial health. Notably, no additional government approvals are required for this transaction as CIHL remains a wholly owned subsidiary.

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