News Column

Shirongzhaoye Expands to Medical & Healthcare

June 24, 2014

ZHUHAI, June 24, SinoCast -- Guangdong Shirongzhaoye (SZSE: 002016) said its wholly-owned Zhuhai Shirongzhaoye Investment Management planned to acquire 81% of Zhuhai Zhihe Property Investment for CNY 10 million to own right to invest, develop and operate the Hengqin International Life Science Center project.

According to an agreement signed by Zhihe Property, Hengqin New Area Administrative Committee, and the First Affiliated Hospital of Guangzhou Medical University, the center will cover a planned land area of about 200,000 square meters and see building area hit about 400,000 square meters. It will mainly include a grade-A class-three comprehensive hospital with at least 1,000 supplementary beads, and an advanced recuperation and rehabilitation center covering beauty antiaging service.

Shirongzhaoye said through the deal, it would expand to medical & healthcare industry. As an important profit growth point in the future, this would hep expand its business scope.

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Source: Sinocast Construction & Real Estate Beat (China)

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