It also asked for the Alliance Healthcare board's consideration and due diligence in reaching a valuation of S$6.37 million for Jaga-Me despite its net tangible assets of just S$388,000 and the lack of an independent valuation of the target company.
Alliance Healthcare also has a put and call option to buy out Jaga-Me's shareholders - excluding its founders and employee shareholders - if the startup's net operating profit after tax crosses S$1.5 million and/or its operating revenue is at least S$4 million, by June 30, 2023.
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