Brief: Rici Healthcare says unit entered into cooperation agreement with South New City

Rici Healthcare Holdings

28/03/2017 12:50

March 28 (Reuters) - Rici Healthcare Holdings Ltd  1526.HK  
    * Shanghai Rich Medical, an indirectly wholly-owned 
subsidiary of company, and South New City entered into 
cooperation agreement 
    * Deal in relation to establishment of joint venture for 
purpose of operating a healthcare industry park in Nanjing, 
    * Pursuant to cooperation agreement, South New City agrees 
to make a capital contribution of RMB35.0 million to JV  
    * Shanghai Rich Medical agrees to make a capital 
contribution of RMB65.0 million  to JV and will hold 65% equity 
interests in JV 
 
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