● The management reshuffle comes at a pivotal stage of transformation as the Group endeavors to look beyond metal manufacturing and explore opportunities in the digital healthcare sector and to drive next phase of growth
SINGAPORE – Media OutReach – 6 June 2022 – Meta Health Limited (“META” or the “Company”, and together with its subsidiaries, the “Group”) is pleased to announce a strategic restructuring of its management team as it endeavors to diversify and expand into the digital healthcare industry. Executive Director of 5Digital Pte Ltd (a wholly-owned subsidiary of the Company) (“5Digital”), Dr Bernard Ng, will be re-designated to the role of Chairman and Group CEO, where he will oversee the Group’s pivot to the digital healthcare space. This new appointment will allow the current Chairman and CEO, Mr Chua Kheng Choon, to transition into the role of SVP of Engineering, where he will continue to head the operations for the metal engineering business of the Group. Both Dr Ng and Mr Chua will assume their new roles with effect from 7 June 2022.
Dr Ng brings over 20 years of professional experience in the pharmaceutical and consumer health industries to his appointment as Chairman and Group CEO. He obtained his medical degree from the National University of Malaysia in 1999 and his MBA from the University of Melbourne in 2011. Prior to joining the Group, Dr Ng served as Chief Medical Officer, Head of Global Medical and Clinical Affairs at Bayer Consumer Healthcare.
He is a strong believer of digital transformation and spends his time plugged into start-ups that are pioneering technology with the potential to create significant value for medical professionals and their patients. As Group CEO, he will leverage his expertise of medicine and digital transformation to lead META’s pivot into the consumer health industry.
As one of the founders of META, Mr Chua has accumulated over 35 years of experience in the precision metal stamping industry. Under his leadership, the Company has grown steadily from its inception as a stamping contractor to its position as a one-stop provider for mechanical manufacturing products and services. Thanks to Mr Chua’s on-going efforts and guidance, revenue from the metal stamping business rebounded strongly in FY2021, growing 29% y-o-y to S$41.7m and returning to profitability last year. As Mr Chua moves into his new role, he will continue to focus on delivering quality engineering solutions and growing the customer base of the Group’s metal engineering business.
META has deepened its presence in the digital health enabled services in the last year. The anchor investment started with acquisition of an 85.07% stake in Gainhealth Pte Ltd.(“Gainhealth”), bringing primary care and central pharmacy services together with both online and offline sales channels. META also announced a conditional sale and purchase agreement with PT Gaido Digital Medika (“PT GDM”) and a share subscription agreement to take up to 10% stake in MedTel Healthcare Private Limited (“MedTel”). These strategic investments complement the Group’s vision of becoming a leading healthcare services company in Southeast Asia, providing personalized healthcare within a hand-picked ecosystem of online and offline care providers and e-pharmacies, while leveraging on the most up-to-date insights from research and data. The launch of “Digital Hospital” in Indonesia, a trademarked product by PT GDM, has gained significant traction. In an announcement by the G20 business council, Digital Hospital has been identified as a partner of the Indonesian Tourism Medical Association in early March 2022[1].
The new personnel changes will enable the Group to advance its strategic focus on digital healthcare and become the sector’s preferred solutions provider. Dr Ng will work alongside industry veteran and Chief Medical Officer of 5Digital, Dr Vas Metupalle, a healthcare entrepreneur with 17 years of experience under his belt. Having previously founded companies in the Teleradiology (Clarity) and Telemedicine (MyDoc) space, Dr Metupalle has vast regional experience in implementing diagnostic and outpatient healthcare services for corporate health and insurance industry partners. Together, Dr Ng and Dr Metupalle make up a strong team of medical experts who will lay the foundation of META’s further exploration efforts in the field.
Dr Bernard Ng said: “It is a great privilege for me to lead META and I would like to thank the Board of Directors for their trust. I look forward to working alongside the management team to explore new streams of business development opportunities and conducting a strategic review of existing businesses, and the implementation thereof, with a view to create value for shareholders. The Group will also look into accelerating our revenue and profit growth targets through strategic acquisitions and scaling of our current activities.”
About Meta Health Limited
Meta Health Limited (META), formerly known as Metal Component Engineering Limited, was founded in 1987 in Singapore. With consistent focus on quality and engineering innovation, META has expanded its customer base by serving MNC (Multi-National-Corporation), EMS (Electronic Manufacturing Services), and SME (Small-Medium-Enterprise) globally. META has recently diversified into healthcare technology and services with investment into Gainhealth Pte. Ltd., a direct-to-consumer and high-growth omnichannel health and wellness platform. META is vertically integrated with licensed clinics with pharmacy, online self-branded ecommerce portals, and product placements on regional e-commerce portals.
For more information, visit 
https://metahealth.sg, www.5digital.com.sg and www.gainhealthclinic.com
#MetaHealth
Disclaimer
This press release has been prepared by Meta Health Limited (“Company”) and its contents have been reviewed by the Company’s sponsor, ZICO Capital Pte. Ltd. (“Sponsor”), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (“SGX-ST”) Listing Manual Section B: Rules of Catalist.
This press release has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made or reports contained in this press release.
The contact person for the Sponsor is Mr Alex Tan, Chief Executive Officer, ZICO Capital Pte. Ltd. at 77 Robinson Road, #06-03 Robinson 77, Singapore 068896, telephone (65) 6636 4201.
Services
STAKEHOLDER ENGAGEMENT
Stakeholder mapping, analysis, engagement and communication needs to be detailed to avoid business losses or even worse, a crisis. How can you do this effectively to prevent failure? ...
BUSINESS INTELLIGENCE
Data-driven business decisions have never been as crucial, especially in this era. MGBF leverages off, technology, experience and market presence to aid businesses in making accurate decisions. ...
GOVERNMENT RELATIONS
MGBF provides comprehensive strategic advice and results-focused solutions to solve clients' problems in business-government relations so they can focus on their core business. ...
BUSINESS & BROADER MARKET ACCESS
A critical business challenge is meeting the right decision-makers and potential buyers through the best channel and platform. How will you improve your business competency? ...
Upcoming Events
SECURITY CONCERNS IN CRITICAL VALUE CHAINS
The threat matrix has evolved to include information warfare, cyberspace incursions, big data and behavioural communications. Business leaders need to be aware of these threats to survive. What are you doing as a key stakeholder?
CHARTING THE FUTURE OF DATA RESILIENCE
Companies can now live or die based on their ability to generate and manage data. Effectively managing existential challenges is the opportunity that business leaders need to grasp for a sustainable future. Calling for speakers!
ADDRESSING WEAPONISED INFORMATION IN THE MEDIA
Corporations and their leadership often face weaponised information attacks in the media. Understanding these advanced business threats is crucial. Recently completed. View proceedings online.
DIGITAL RESILIENCE IN THE CORPORATE SECTOR
Special session: Cyberwarfare Waged on the Corporate Sector - Lessons from the Russia-Ukraine Crisis. Corporations are in a digital arms race that many don't realise. How does this relate to your organisation?
MGBF In The News
KUALA LUMPUR, 23 June 2022 — Malaysia Global Business Forum (MGBF) ties up with scoutAsia to ensure that businesses are equipped with deeper regional insights. The past two years has seen a massive shift in the way businesses are conducted with digitisation, digitalisation and automation continuously being adopted to improve […]
KUALA LUMPUR, 25 May 2022 – The Malaysia Global Business Forum (MGBF)’s exclusive roundtable on ‘Security Concerns in Critical Value Chains’ was held in a hybrid setting yesterday at the Eastin Hotel Kuala Lumpur. The guest of honour was Yang Berbahagia Tan Sri Dato’ Seri Rafidah Aziz, former minister of […]
The Malaysia Global Business Forum (MGBF) has released a report following the roundtable on ‘Digital Resilience in the Corporate Sector’, which was recently held in Kuala Lumpur. In attendance as guest of honour was Deputy Minister of Communications and Multimedia, Datuk Zahidi Zainul Abidin. The report recommended several critical development […]
Trade and investment delegations will trickle back over the next few months, but the second half of the year should see considerable return of business travellers. It was learnt that over 50 per cent of international business chambers and industry associations surveyed will consider sending exploratory teams to Malaysia during […]
KUALA LUMPUR, 30 March 2022 – The Malaysia Global Business Forum (MGBF)’s exclusive roundtable on ‘Digital Resilience in the Corporate Sector’ was held in a hybrid setting yesterday at the Element by Westin Kuala Lumpur. The discussion focused on what business leaders need to understand, to ensure business resilience and […]
The Malaysia Global Business Forum (MGBF)’s exclusive roundtable on ‘Addressing Weaponised Information in the Media’ was held in a hybrid setting today at the Hilton Kuala Lumpur. The discussion focused on addressing one of the most relevant threats to businesses in the digital economy – cyber threats causing physical and […]
The current floods that have impacted various parts of the country have given rise to an extensive commentary on the response cycles of various stakeholders. It has in turn led to continued crisis communications and statements in the media by agencies and ministries alike. This binary approach to the discussion […]
The formation of a special Cabinet committee to develop strategic measures to safeguard the economy amid the Covid-19 outbreak shows the Malaysian government is serious about creating a balance between the continued safety of the general population and the survival of the economy. In the global context, as many countries […]
Innovation, coupled with a radical departure from contemporary thinking, is required with a possible reality of a prolonged crisis becoming the new reality that people and companies must function through. Malaysia Global Business Forum founding chairman Nordin Abdullah said innovation and resilience from all stakeholders will be required to shape […]
The recent announcement that a committee jointly chaired by senior ministers in charge of security and economy clusters respectively demonstrates that the Malaysian government is serious about creating a balance between continued safety of the general population and the survival of the economy. In the global context, as many countries […]
Innovation, coupled with a radical departure from contemporary thinking, is required with a possible reality of a prolonged crisis becoming the new reality that people and companies must function through. Malaysia Global Business Forum founding chairman Nordin Abdullah said innovation and resilience from all stakeholders will be required to […]
Innovation, coupled with a radical departure from contemporary thinking, is required with a possible reality of a prolonged crisis becoming the new reality that people and companies must function through. Malaysia Global Business Forum founding chairman Nordin Abdullah said innovation and resilience from all stakeholders will be required to […]
The announcement that a committee jointly chaired by senior ministers in charge of security and economy clusters demonstrates that the government is serious about creating a balance between the safety of the population and the survival of the economy. In the global context, as many countries struggle to deal […]
THE Covid-19 outbreak has exposed the citizens of most countries to a dangerous virus. But perhaps more importantly, it has exposed the weaknesses in supply chains of nations.The government should be commended for setting up a task force to maintain critical supply chains as it’s an excellent step to ensure […]
In the last few days, the Movement Control Order (MCO) has awoken many to the fact that supply chains that we assume work without question have now become highly critical.The establishment of a special task force to maintain critical supply chains by the current government is an excellent step to […]
by Gunaprasath Bupalan (YouTube – Emjay Communications, The Malaysia Global Business Forum, News Hub Asia, Property360Digest) The CEO Series 2019 by REHDA Institute is more than a developer’s driven event; it is about the strategy made real, where property and its ancillary businesses will provide balance in social, economic and […]
I am the Managing Director of Lynas Malaysia and I’m writing to you on behalf of our employees and contractors and their families. In recent weeks you may have seen a campaign of false information by anti-Lynas activists. We have always welcomed informed debate, however, the spreading of false allegations […]
I am the Managing Director of Lynas Malaysia and I’m writing to you on behalf of our employees and contractors and their families. In recent weeks you may have seen a campaign of false information by anti-Lynas activists. We have always welcomed informed debate, however, the spreading of false allegations […]
I am the Managing Director of Lynas Malaysia and I’m writing to you on behalf of our employees and contractors and their families. In recent weeks you may have seen a campaign of false information by anti-Lynas activists. We have always welcomed informed debate, however, the spreading of false allegations […]
