Brief: BOQI International Medical Enters Into MoU To Buy Chongqing Shanfeng Zhiyuan Biotechnology

BIMI Holdings

18/05/2020 23:41

May 18 (Reuters) - BOQI International Medical Inc  BIMI.O :
    * BOQI INTERNATIONAL MEDICAL ENTERS INTO MOU TO ACQUIRE
CHONGQING
SHANFENG ZHIYUAN BIOTECHNOLOGY
    * BOQI INTERNATIONAL MEDICAL - PURCHASE PRICE EXPECTED TO BE
CALCULATED BASED ON APPRAISAL OF FAIR MARKET VALUE OF ACQUIRED
CO BY A THIRD PARTY
    * BOQI INTERNATIONAL MEDICAL INC -DEFINITIVE AGREEMENT FOR
CHONGQING SHANFENG ZHIYUAN ACQUISITION IS EXPECTED TO BE ENTERED
INTO WITHIN NEXT 1-2 MONTHS
    * BOQI INTERNATIONAL MEDICAL INC - CHONGQING SHANFENG
ZHIYUAN
BIOTECHNOLOGY AGREEMENT WILL BE SUBJECT TO STANDARD CLOSING
CONDITIONS AND APPROVALS

Source text for Eikon:  ID:nGNX6FSfYD 
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