Brief: Ping An Healthcare And Technology Says Entered Into Subscription Agreement With Unit Of Grab
16/08/2018 10:01
Aug 16 (Reuters) - Ping An Healthcare and Technology Co Ltd
1833.HK :
* HAS RECENTLY ENTERED INTO SUBSCRIPTION AGREEMENT WITH A2G
A UNIT
OF GRAB
* AGREEMENT FOR FORMATION OF A JV
* CAPITAL COMMITMENT REGISTERED CAPITAL OF JV $20 MILLION
* JV WILL BE OWNED AS TO 70% BY CO VIA WHOLLY OWNED SPECIAL
PURPOSE VEHICLE, GOOD DOCTOR ONLINE HEALTHCARE
* JV WHICH WILL ENGAGE IN ONLINE MEDICAL AND WELLNESS
SERVICES
PRIMARILY THROUGH A MOBILE PLATFORM
Source text for Eikon: ID:nHKS16x5PK
Further company coverage: 1833.HK
((Reuters.Briefs@thomsonreuters.com;))
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