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The latest announcement is out from Guangdong Kanghua Healthcare Co., Ltd. Class H ( (HK:3689) ).
Guangdong Kanghua Healthcare Co., Ltd. has announced the disposal of a 55% equity interest in Kangxin Hospital, as part of a strategic move to restructure its holdings. This decision, which involves completing a demerger and establishing a wholly-owned subsidiary to retain property ownership, allows the company to focus on other strategic interests while maintaining a significant 45% stake in Kangxin Hospital. This move is expected to alter the company’s consolidation of financial results and could impact its market positioning and stakeholder interests.
More about Guangdong Kanghua Healthcare Co., Ltd. Class H
Guangdong Kanghua Healthcare Co., Ltd. operates in the healthcare industry, providing medical services through facilities such as hospitals. The company is involved in the management and operation of health institutions, with a focus on expanding its presence and control within the sector.
YTD Price Performance: -1.64%
Average Trading Volume: 11,631
Technical Sentiment Consensus Rating: Sell
Current Market Cap: HK$802.5M
See more data about 3689 stock on TipRanks’ Stock Analysis page.
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