Brief: Avalon GloboCare Continues Its U.S. Centric Strategy With A New Proposed Board Composition In Preparation For Acquisition Of Laboratory Services MSO

Change Agents

12/12/2022 15:12

Dec 12 (Reuters) - Avalon Globocare Corp  ALBT.O :
    * AVALON GLOBOCARE CONTINUES ITS U.S. CENTRIC STRATEGY WITH
A NEW
PROPOSED BOARD COMPOSITION IN PREPARATION FOR ACQUISITION OF
LABORATORY SERVICES MSO, LLC
    * AVALON GLOBOCARE CORP - DECIDED TO CEASE ALL OPERATIONS IN
PEOPLE'S REPUBLIC OF CHINA WITH EXCEPTION OF A SMALL
ADMINISTRATIVE OFFICE, AVALON SHANGHAI
    * AVALON GLOBOCARE CORP - ARE RESTRUCTURING BOARD AND WILL
NOT BE
RENEWING THREE OF OUR CHINA BOARD MEMBERS AS DIRECTORS

Source text for Eikon:  ID:nGNX6WmXRK 
Further company coverage:  ALBT.O 
 ((Reuters.Briefs@thomsonreuters.com;))