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Kangji Medical Holdings Limited ( (HK:9997) ) has shared an announcement.
Kangji Medical Holdings Limited announced the termination of a discloseable transaction involving the disposal of a subsidiary due to the purchaser’s inability to fulfill payment obligations. The termination agreement allows Kangji to retain RMB46 million and includes provisions for the return of company records and land resumption. Additionally, Kangji entered a land resumption agreement with a PRC government authority, resulting in a compensation of approximately RMB29.3 million. The company expects to realize a gain of RMB39.3 million from these agreements, impacting its financial position positively.
More about Kangji Medical Holdings Limited
Kangji Medical Holdings Limited is a company incorporated in the Cayman Islands, operating in the medical industry. It is listed on the Hong Kong Stock Exchange and is involved in the development and sale of medical devices.
Average Trading Volume: 4,880,664
Technical Sentiment Signal: Buy
Current Market Cap: HK$8.65B
See more insights into 9997 stock on TipRanks’ Stock Analysis page.