BOQI International Medical: Jumps on MoU to acquire Chongqing Guoyitang Hospital

BIMI Holdings

23/10/2020 14:23

** Healthcare products provider's shares  BIMI.O  up 21.6%
at $2.5 premarket 
    ** BIMI enters into MoU to acquire Chongqing Guoyitang
Hospital Co in China  urn:newsml:reuters.com:*:nGNX583RH
    ** Acquisition process to be completed in four stages, which
involves audit and evaluation of the hospital
    ** Chongqing, which has expertise in the treatment of
digestive and chronic diseases, estimates income of $7-$8.5 mln
and a profit of $0.7-$0.85 mln in 2021
    ** "Chongqing Guoyitang Hospital is one of our strategic
partners and can play an important role in our telemedicine
system"- BOQI CEO  
    ** Up to Thursday's close, stock down ~36% YTD 

 (Reporting by Shivani Kumaresan in Bengaluru)
 ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780;))