Brief: Union Medical Healthcare Announces Acquisition Of The New Medical Center Ltd

EC Healthcare

18/05/2020 15:12

May 18 (Reuters) - Union Medical Healthcare Ltd  2138.HK :
    * UNIT TO PROCURE NEW HOLDCO TO PURCHASE ENTIRE STAKE OF THE
NEW
MEDICAL CENTER
    * DEAL CONSIDERATION COMPRISING TOTAL AMOUNT OF HK$100
MILLION
    * DEAL CONSIDERATION COMPRISING CONTINGENT CONSIDERATION OF
NOT
EXCEEDING HK$16 MILLION TO BE PAYABLE TO MA CHI MIN EFFINIE 
    * NEW HOLDCO WILL BE OWNED AS TO 51%, 48% & 1% BY JADE
MASTER
INTERNATIONAL, MA CHI MIN EFFINIE & WU YUN CHAI, RESPECTIVELY

Source text for Eikon:  ID:nHKS662Xdx 
Further company coverage:  2138.HK 

 ((Reuters.Briefs@thomsonreuters.com;))