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EC Healthcare ( (HK:2138) ) has shared an update.
EC Healthcare has announced that a seller has exercised a put option to sell its remaining approximately 10% stake in a target company to an indirect wholly owned subsidiary of EC Healthcare for HK$6 million. The consideration will be funded by the group’s internal resources, and the transaction will raise EC Healthcare’s interest in the target company to 100%.
The company said the exercise of the put option will not affect the target company’s business or operations, and the target will continue to be treated as a subsidiary in EC Healthcare’s accounts. The move consolidates EC Healthcare’s ownership of the asset and may streamline control and oversight, reinforcing the group’s position in its healthcare portfolio without creating additional financial strain.
More about EC Healthcare
EC Healthcare is a Hong Kong-listed company incorporated in the Cayman Islands and engaged in the healthcare services industry. The group operates its business through various subsidiaries and holds controlling stakes in medical and related healthcare service providers across its target markets.
Average Trading Volume: 505,288
Technical Sentiment Signal: Sell
Current Market Cap: HK$557M
For an in-depth examination of 2138 stock, go to TipRanks’ Overview page.