Brief: Asiamedic announces cessation of interests in Shanghai medical and post-natal centres

Asiamedic

30/11/2015 23:01

Dec 1 (Reuters) - AsiaMedic Ltd  ASIM.SI : 
 
 * Cessation of interests in Shanghai medical and post-natal centres 
 * Completion of the transaction will result in an impairment loss of  approximately s$1.6 million to the group. 
 * Its wholly-owned subsidiaries, Asiamedic China and amc healthcare entered  into a settlement and termination agreement 
 * Group is expected to incur a loss for the financial year ending 31 December  2015. 
 * Deal with Li Weiyi, Li Jian, Shanghai Weijian Hospital Investment Management,  Shanghai Xin Hua Tang Men Zhen Bu and Shanghai Wei Rong Investment Management 
 
* Source text for Eikon  ID:nSNZ7zGfx6  
 
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