Brief: BOQI International Medical Enters into Stock Purchase Agreement to Acquire Chongqing Guoyitang Hospital

BIMI Holdings

09/12/2020 13:54

Dec 9 (Reuters) - BOQI International Medical Inc  BIMI.O :
    * BOQI INTERNATIONAL MEDICAL ENTERS INTO STOCK PURCHASE
AGREEMENT
TO ACQUIRE CHONGQING GUOYITANG HOSPITAL
    * BOQI INTERNATIONAL MEDICAL INC - AGGREGATE PURCHASE PRICE
FOR
GUOYITANG IS US$15.2 MILLION
    * BOQI INTERNATIONAL MEDICAL -2 MILLION SHARES OF COMMON
STOCK OF
CO AND ABOUT US$3.1 MILLION WILL BE PAID AS PARTIAL
CONSIDERATION FOR PURCHASE OF GUOYITANG
    * BOQI INTERNATIONAL MEDICAL INC - BALANCE OF PURCHASE PRICE
IS
SUBJECT TO POST-CLOSING ADJUSTMENTS BASED ON PERFORMANCE OF
GUOYITANG IN 2021 AND 2022

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