Singapore Paincare (SGX:FRQ) plans to invest around SG$1.5 million to digitally transform its clinical and medical operations, according to a filing with the Singapore Exchange on Monday.
Through the investment, the company will implement artificial intelligence, internet of medical things and big data analytics in its day-to-day operations across 18 clinics and centers.
Shares of the medical company plunged nearly 8% in recent trading.
Price (SGD): S$2662.60, Change: S$-3.0, Percent Change: -0.11%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.