Brief: China Resources Medical Says Huaiyin Hospital Lacks Business Development Opportunities

China Resources Medical Holdings

10/05/2024 11:17

May 10 (Reuters) - China Resources Medical Holdings
Company Ltd  1515.HK :
    * HUAIYIN HOSPITAL CURRENTLY LACKS BUSINESS DEVELOPMENT
OPPORTUNITIES
    * HUAIYIN HOSPITAL WILL CONTINUE TO OPERATE AT A LOSS FOR AN
EXTENDED PERIOD OF TIME
    * CLOSURE OF HUAIYIN HOSPITAL'S OPERATIONS EXPECTED TO INCUR
RELEVANT ONE-TIME EXPENSES
    * EXPECTED THAT NON-CASH COSTS WILL BE INCURRED FROM ASSET
DEPRECIATION OR AMORTIZATION IN 2024
    * CONSIDERS CLOSURE OF HUAIYIN HOSPITAL'S OPERATIONS
BENEFICIAL TO
FUTURE OPERATIONAL PERFORMANCE OF GROUP IN LONG TERM


Further company coverage:  1515.HK 

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