Printer Friendly

Phoenix Healthcare, Beijing Jing Mei to Form Beijing Hospital JV.

M2 EQUITYBITES-December 31, 2014-Phoenix Healthcare, Beijing Jing Mei to Form Beijing Hospital JV

(C)2014 M2 COMMUNICATIONS http://www.m2.com

31 November 2014 - China-based hospital group Phoenix Healthcare Group Co. Ltd and Beijing Jing Mei Group Co. Ltd have entered into a non-binding cooperation framework agreement under which the parties agreed to establish a JV company for the overall restructuring of Jing Mei Group General Hospital, the companies said.

According to the company, the JV would be called Beijing Jing Mei General Hospital Co. Ltd.

Upon the establishment of the JV company, the JV company will be owned as to 70% by Phoenix Healthcare and as to 30% by Beijing Jing Mei.

Phoenix Healthcare said it agreed that Beijing Jing Mei can opt to sell its 30% equity interest in the JV company to Phoenix Healthcare at anytime within the one year from the first anniversary of the JV company obtaining its business license.

((Comments on this story may be sent to info@m2.com))

COPYRIGHT 2014 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2014 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 EquityBites (EQB)
Date:Dec 31, 2014
Words:166
Previous Article:Pasha Bank to Acquire Majority Stake in Turkey's TAIB Bank.
Next Article:PS Business Parks Acquires California Flex Park.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters