Brief: Jinxin Fertility Group Says Unit To Establish JV Co

Jinxin Fertility

18/08/2020 02:50

Aug 18 (Reuters) - Jinxin Fertility Group Ltd  1951.HK :
    * UNIT AGREED WITH MENGMEI PARTNERS & JINXIN HOSPITAL TO
ESTABLISH
JV CO IN CAYMAN ISLANDS
    * INTENDED THAT JV CO WILL HAVE ABOUT US$8 MILLION AS ITS
GENERAL
WORKING CAPITAL
    * JV CO WILL BE OWNED BY UNIT AS TO 49%
    * UNIT AGREED TO SUBSCRIBE FOR NEW SHARES IN JV CO
    * UNIT TO ACQUIRE CERTAIN CLINIC ASSETS HELD BY MENGMEI
GROUP
    * TOTAL INVESTMENT AMOUNT FOR TRANSACTIONS IS APPROXIMATELY
US$30
MILLION

Source text for Eikon:  ID:nHKS2MpjYv 
Further company coverage:  1951.HK 

 ((Reuters.Briefs@thomsonreuters.com;))