Navigation Links
Golden Meditech Disposes of 2.0% Stake in FunTalk China for US$15 Million
Date:9/20/2011

HONG KONG, Sept. 20, 2011 /PRNewswire-Asia/ -- Golden Meditech Holdings Limited ("Golden Meditech," together with its subsidiaries collectively as the "Group," - 801.HK; 910801.TW), a leading healthcare enterprise in China, today announced the disposal of 2.0% interest in FunTalk China Holdings Limited, the Group's associate, for US$15 million.

Upon completion, the Group's effective interest in FunTalk China will be reduced 19.8%.  The Group will realize an unaudited gain of approximately HK$36 million based on the net proceeds from the disposal less the book value of the shares disposed at HK$73 million and related expenses amounting to HK$8 million.

Commenting on the disposal, Mr. KAM Yuen, Chairman of the Group, said, "With our burgeoning healthcare services portfolio that includes a leading brand name in haematology hospital and the newly acquired Shanghai East International Medical Centre, as well as our medical insurance claim processing and settlement business process outsourcing business, we consider the disposal is a good opportunity to enhance the liquidity and resources for the Group, while the proceeds will be used as general working capital and for business development."

About Golden Meditech Holdings Limited

Golden Meditech Holdings Limited is China's leading integrated-healthcare devices and service operator, and the first medical device enterprise that was publicly listed outside of the PRC on the Stock Exchange of Hong Kong Limited (HKEx) and the Taiwan Stock Exchange (TSE).  Golden Meditech is a first-mover in China, having established dominant positions in medical devices and healthcare services markets over the years, thanks to its strengths in innovation and market expertise and the ability to capture emerging market opportunities.  Going forward, the Group will continue to pursue a leading position in China's healthcare industry both through organic growth and strategic expansion.


'/>"/>
SOURCE Golden Meditech Holdings Limited
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Golden Meditech Announces Annual Results for FY 2009/10
2. Golden Meditech Announces Plan to Issue Taiwan Depository Receipts
3. Golden Meditech as First Chinese Healthcare Enterprise to Obtain Approval for Taiwan Depositary Receipts Offering
4. Golden Meditech to Form Strategic Alliance with Long Bon International
5. Golden Meditech Acquires Remaining Stake in Chinese Herbal Medicine Business
6. Fenwal, Golden Meditech Complete Definitive Agreement to Form Joint Venture in China
7. Golden Meditech Chairman Increases Stake in Company
8. Golden Meditech to Increase Stake in NYSE-listed Affiliate -- China Cord Blood Corporation to 39.5%
9. Golden Meditech Acquires Shanghai East International Medical Centre
10. Golden Meditech FY2010-11 Annual Results
11. Golden Meditech Celebrates Grand Opening of Taiwan Representative Office
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/6/2016)... 6, 2016  "Blood Tests replace Surgical Biopsies. ... The Diagnostic, Monitoring and Screening Test opportunities ... is occurring using in vitro blood testing to ... impressive backing, has announced a single blood test ... faster than the market. New technology that definitively ...
(Date:12/6/2016)... , Dec. 6, 2016 The pen ... by 2021 from USD 1.65 billion in 2016, growing ... of 2016 to 2021. Over the years, the ... order to cater to the growing demand for safety ... to the development of safety pen needles with an ...
(Date:12/6/2016)... , Dec. 6, 2016  BTL Aesthetics ... proving that its BTL Vanquish ME device was ... energy delivery to the targeted tissue. The result: ... 53% higher, with BTL Vanquish ME versus BTL ... our physician network and their patients with the ...
Breaking Medicine Technology:
(Date:12/7/2016)... ... December 07, 2016 , ... Texas Premier Locksmith ... carried out by unethical locksmith companies and is urging Search Engines to improve ... to Texas Premier Locksmith, these fraudulent locksmith services take advantage of consumers locked ...
(Date:12/7/2016)... ... December 07, 2016 , ... Gensuite is honored ... under the Best New Product Launch category. Gensuite’s entry on their EZ Scan ... BOC Global Events & Training Group is a professional event and training provider ...
(Date:12/7/2016)... ... December 07, 2016 , ... “Tomorrow Trump Goes To ... bringing greatness back to the presidency and to America. “Tomorrow Trump Goes To Washington” ... as much as she can for this country. , Nancy attributes her patriotic nature ...
(Date:12/7/2016)... ... 2016 , ... The Business Architecture Guild is ... on March 21-22, 2017. This premier event features business practitioners and experts from ... of industries such as financial services, insurance, healthcare, manufacturing, transportation, retail, and utilities. ...
(Date:12/6/2016)... ... December 06, 2016 , ... ... that can be seen on a type of MRI, according to a study ... disorder of the central nervous system characterized by tremors or trembling and stiffness ...
Breaking Medicine News(10 mins):