Hua Xia Healthcare plans to acquire eight mainland hospitals
02-Dec-15, 4-traders
Hong Kong listed healthcare investment firm Hua Xia Healthcare Holdings has declared plans to spend up to CNY1.2 bn (USD187 mn) acquiring a target company managing and operating eight hospitals in China.
%20ACN%20Newswire.jpg "Hua Xia Healthcare plans to acquire eight mainland hospitals (c) ACN Newswire")
Image: ACN Newswire
Payment will be kicked off through share placement or offering convertible bonds or acceptance bills. New shares will be offered for CNY 0.8 per share. The company needed to pay CNY 200 mn as entire or partial consideration within 45 operational days after inking the memo.