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Why Is Uscom Selling Its Entire Business to Singapore’s AXO Medtech?
10:12am on Tuesday 30th of September, 2025 AEST
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Healthcare
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Why Is Uscom Selling Its Entire Business to Singapore’s AXO Medtech?
10:12am on Tuesday 30th of September, 2025 AEST
Key Points
Sale of 100% subsidiary Uscom Sng Pte. Ltd to AXO Medtech VCC
Consideration of $2.591 million settled via loan transfers
Shareholder approval required in November 2025
Post-sale, Uscom retains minimal cash and no operating assets
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