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:3/24/2017)... Research and Markets has announced the addition of the "Microplate ... offering. ... separate comprehensive analytics for the US, Canada , ... , Latin America , and Rest of World. ... Also, a six-year historic analysis is provided for these markets. Market data ...
(Date:3/24/2017)... 23, 2017  HealthMine surveys with 9,250 insured consumers ... health plan members want help from their plans in ... in their health, 2) help closing gaps in care, ... health and 5) relevant, real-time guidance. Meeting these needs ... costs. A Reason to Stay ...
(Date:3/24/2017)... YORK and GENEVA , ... announced on World Tuberculosis Day revitalizes efforts to develop ... On World Tuberculosis Day, TB Alliance and ... for the clinical development of sutezolid, an antibiotic drug ... sublicense pertains to the development of sutezolid in combination ...
Breaking Medicine Technology:
(Date:3/24/2017)... (PRWEB) , ... March 24, 2017 , ... ... Center, Sedona, Arizona’s Premier Center for Shamanic Healing and Spiritual Awakening, proudly ... Delgado, June 9--24, 2017. This sacred and spiritual journey during the Summer ...
(Date:3/24/2017)... ... March 24, 2017 , ... ... they are now offering treatments for sleep apnea and TMJ at their office. ... Sleep apnea , specifically the obstructive type, is increasingly being treated at dental ...
(Date:3/24/2017)... ... 24, 2017 , ... Viewers who like to educate themselves on current issues ... goods, services, and societal issues tend to appreciate and love the "Informed" series, hosted ... utilizing running events for causes around the world. , Running for charity ...
(Date:3/24/2017)... ... March 24, 2017 , ... Judy ... Reiki™ Master in Frederick, MD. Judy says, “I am passionate about sharing Reiki ... often a very difficult and challenging time.” , A Certified Medical Reiki™ Master ...
(Date:3/24/2017)... ... March 24, 2017 , ... “Vintage and Harvest A Cultivation ... and college Bible teacher residing in North Carolina with his wife, Anna Marie. He ... them with six grandchildren. David is also the author of “Shadow and Substance.” , ...
Breaking Medicine News(10 mins):