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Xikang Cloud Hospital Announces Equity Disposal and Capital Increase

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Xikang Cloud Hospital Announces Equity Disposal and Capital Increase

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An update from NEUSOFT XIKANG HOLDINGS INC. ( (HK:9686) ) is now available.

Xikang Cloud Hospital Holdings Inc. announced a connected transaction involving the disposal of equity interests in a target company and a capital increase arrangement. Xikang Healthcare Technology, a subsidiary of Xikang Cloud Hospital, agreed to transfer its equity interest in the target company to Neutech, while Neutech will also participate in a capital increase for the target company. This transaction will result in a dilution of Xikang Cloud Hospital’s shareholding in the target company, and it complies with the reporting requirements under the Listing Rules, though it is exempt from independent shareholders’ approval.

More about NEUSOFT XIKANG HOLDINGS INC.

Xikang Cloud Hospital Holdings Inc., formerly known as Neusoft Xikang Holdings Inc., operates in the healthcare technology industry. The company focuses on providing healthcare solutions and services, with a market emphasis on cloud-based hospital management and healthcare technology solutions.

Average Trading Volume: 33,573

Technical Sentiment Signal: Buy

Current Market Cap: HK$757.7M

For a thorough assessment of 9686 stock, go to TipRanks’ Stock Analysis page.

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