Brief: UMP Healthcare Holding's unit enters into subscription and purchase agreement

UMP Healthcare Holdings

27/09/2016 24:59

Sept 27 (Reuters) - UMP Healthcare Holdings  0722.HK - 
    * Introduction Of NWS as a new JV Partner into the UMP 
Phoenix JV and change Of UMP Phoenix JV's name to UMP Healthcare 
(Beijing) Group Limited  0722.HK  
    * Unit entered into a subscription and purchase agreement 
with NWS subsidiary and UMP Phoenix JV 
    * UMP healthcare China agreed to subscribe for subscription 
shares at a consideration of RMB55 million 
    * UMP Beijing will be owned as to 50% by UMP Healthcare 
China, 30% by Phoenix and 20% by NWS subsidiary 
 
Source text for Eikon: [ID:http://bit.ly/2dnhuXw] 
Further company coverage:  0722.HK  
 
 (Reporting by Ambar Warrick) 
 ((Bangalore.newsroom@thomsonreuters.com;))