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:5/5/2016)... Endo International plc (NASDAQ: ENDP ) (TSX: ENL) ... former president of Allergan, Inc. and current CEO of Chase ... of TPG Capital, to its Board of Directors. The appointments ... "Endo recently embarked on a search for new Board members ... Doug and Todd are experienced leaders, and we are extremely ...
(Date:5/5/2016)... May 5, 2016 Progra m m ... of Oxitec , s mosquito in ... by 96 %   Oxitec ... plan to fight wild Aedes aegypti, the dangerous mosquito that spreads ... island of Grand Cayman .  MRCU, a global leader in ...
(Date:5/5/2016)... DUBLIN , May 5, 2016 ... "Market Report for PET Imaging in the USA"  report ... ,This report provides information on the current Positron Emission ... USA market. Along with the ... the USA , the report also ...
Breaking Medicine Technology:
(Date:5/6/2016)... ... May 06, 2016 , ... From May 4 to 6, EarQ ... the unique opportunity to learn more about Signia’s technology and the successful business and ... is our priority to see practices succeed in this highly competitive industry,” said Ed ...
(Date:5/6/2016)... , ... May 06, 2016 , ... Canadian author Mark Black is a ... Life From the Heart" around the world … with the help of his publisher Strategic ... 24, Mark Black lay in a hospital bed waiting for a miracle: He needed a ...
(Date:5/6/2016)... ... May 06, 2016 , ... ... Sleepopolis.com . , Since launching in September, 2014 Sleepopolis has resided at ... which now include pillows, sheets, mattress toppers, bed frames, and more. , Founder ...
(Date:5/6/2016)... ... ... Hawkins, Pastor and Overseer at The House of Yahweh, has written a new article this ... about helping to stop cancer. Yisrayl says there are too many suffering and dying from ... science industries will pay close attention and take action. The Pastor says that the root ...
(Date:5/6/2016)... ... May 06, 2016 , ... In honor of Military Spouse ... training, and the National Military Family Association, a nonprofit that works to strengthen ... full-tuition scholarship recipient of 2016. , “Being awarded this scholarship by Career ...
Breaking Medicine News(10 mins):