Brief: Aowei Holding Updates On Hospital Management Agreements Entered Into By Unit

Aowei Holding

03/03/2020 14:55

March 3 (Reuters) - Aowei Holding Ltd  1370.HK :
    * UPDATES ON  HOSPITAL MANAGEMENT AGREEMENTS ENTERED INTO BY
UNIT
    * RECENT GOVERNMENT POLICY WOULD ADVERSELY AFFECT OPERATION
OF
CO'S HOSPITAL MANAGEMENT BUSINESS
    * IF HOSPITAL MANAGEMENT AGREEMENTS IS TERMINATED, PROVISION
FOR
LOSS OF BOOK VALUE OF INTANGIBLE ASSETS OF UNIT ABOUT RMB165.2
MILLION
    * PRC LEGAL ADVISER SAYS THIS IS FORM OF FORCE MAJEURE
LEADING TO
PARTIES UNABLE TO CONTINUOUSLY PERFORM UNDER AGREEMENTS
    * UNIT HAS ENTERED INTO TERMINATION AGREEMENTS WITH BUREAU
AND
HOSPITAL RESPECTIVELY ON 3 MARCH 2020
    * RONGCHENG COUNTY HYGIENE AND HEALTH BUREAU REQUESTED
HOSPITAL TO
TERMINATE HOSPITAL MANAGEMENT AGREEMENTS WITH BAODING XINAN

Source text for Eikon:  ID:nHKS8kgnKM 
Further company coverage:  1370.HK 

 ((Reuters.Briefs@thomsonreuters.com;))