Boill Healthcare Subsidiary Faces Legal Hurdles

Boill Healthcare Holdings Limited (HK:1246) has released an update.

Boill Healthcare Holdings Limited has disclosed that Shanghai Baoxian, a subsidiary involved in a significant financial transaction, has had its bank account frozen due to a breach of a guarantee agreement related to a loan of up to RMB 55 million. The legal proceedings were initiated by the lender due to non-compliance with the terms of the loan guaranteed by Shanghai Baoxian and other parties. This development may have implications for investors and the company’s financial statements for the year ended 31 March 2024.

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