News Column

PKU HealthCare to Acquire ET Medical

June 18, 2014

SHENZHEN, June 18, SinoCast -- PKU HealthCare (SZSE: 000788) intended to subscribe for 100% of Shenzhen ET Medical through issuing about CNY 1.4 billion shares.

PKU also planned to issue CNY 467 million to "Beijing Zhonghe growth investment center (limited partnership) for assets integration after the restructuring and supplement the working capital, with a lock period of three years.

ET, specializing in tumor treatment, recorded net profits attributable to shareholders of about CNY 41 million and CNY 56.6656 million in 2012 and 2013, accounting for 53.83% and 72.63% of PKU's net profits.

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Source: Sinocast Health Care & Medicine Beat (China)

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