Business
Mobile-health Network Solutions Enters into Non-Binding US$119 Million Strategic Framework with Hector Capital to Acquire BIMA and M&M Helix, Accelerating AI-powered Healthcare Expansion across Asia and Africa
Singapore, Singapore--(Newsfile Corp. - May 4, 2026) - Mobile-health Network Solutions (NASDAQ: MNDR) ("MNDR" or the "Company"), a leading AI-powered digital health platform, today announced the signing of a non-binding Strategic Cooperation Framework Memorandum of Understanding ("MOU") with Hector Capital Holdings Pte. Ltd. ("Hector Capital"). Under the framework, Hector Capital will invest up to US$119 million into MNDR to support the acquisition of majority shareholdings in MILVIK Singapore..
About this update from Mobile-health Network Solutions
[{"type":"text","content":"Singapore, Singapore--(Newsfile Corp. - May 4, 2026) - Mobile-health Network Solutions (NASDAQ: MNDR) ("MNDR" or the "Company"), a leading AI-powered digital health platform, today announced the signing of a non-binding Strategic Cooperation Framework Memorandum of Understanding ("MOU") with Hector Capital Holdings Pte. Ltd. ("Hector Capital"). Under the framework, Hector Capital will invest up to US$119 million into MNDR to support the acquisition of majority shareholdings in MILVIK Singapore Pte. Ltd. ("BIMA"), a healthcare platform operating in Asia and Africa, and M&M Helix Pte. Ltd. ("MM Helix"), a healthcare technology firm offering an AI-powered telemedicine and patient care platform.","length":764,"tagName":"p"},{"type":"text","content":"This strategic partnership marks a significant milestone in MNDR's mission to expand its portfolio of AI-powered healthcare solutions across Asia and Africa.","length":161,"tagName":"p"},{"type":"text","content":"Transaction Highlights","length":22,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Capital Investment: Hector Capital to invest up to US$119 million in MNDR, with the funding structure to be finalized in the definitive agreements, which may include a combination of equity subscription, convertible instruments, and/or other financial instruments. Proceeds will be applied toward the acquisitions and for general corporate and operational purposes.","length":365,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Acquisitions: MNDR to acquire majority stakes in BIMA and MM Helix, integrating them as subsidiaries.","length":101,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Independent Valuation: Consideration for the acquisitions will be consistent with an independent valuation of BIMA and MM Helix to be commissioned and agreed to by the parties prior to execution of the definitive agreements, and remains subject to regulatory approvals under applicable Nasdaq listing rules and Singapore law.","length":325,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":791,"olType":false},{"type":"text","content":"About the Targets","length":17,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"M&M Helix Pte. Ltd.: A Singapor...