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An update from Hospital Corporation of China Ltd ( (HK:3869) ) is now available.
Hospital Corporation of China Ltd has announced a disclosable transaction involving the acquisition of the entire equity interest in Cixi Honghe Property Management Company Limited for RMB49.47 million. This acquisition will result in the target company becoming a subsidiary of Hospital Corporation of China Ltd, with its financial results consolidated into the group’s financial statements. The transaction is significant as it exceeds 5% but is less than 25% of the applicable percentage ratio, thus requiring disclosure under the Hong Kong Stock Exchange’s listing rules.
More about Hospital Corporation of China Ltd
Hospital Corporation of China Ltd operates in the healthcare industry, focusing on the management and operation of hospitals and related healthcare facilities. The company is involved in providing healthcare services and is positioned to expand its market presence through strategic acquisitions.
Average Trading Volume: 5,800
Technical Sentiment Signal: Buy
Current Market Cap: HK$898.3M
For an in-depth examination of 3869 stock, go to TipRanks’ Stock Analysis page.