EQS-News / 29/04/2020 / 21:33 UTC+8
?For Immediate Release?
Union Medical Healthcare to introduce Champion REIT as a strategic partner
through allotment of new shares
(29 April 2020, Hong Kong) - Union Medical Healthcare Limited ("Union
Medical Healthcare" or the "Company", which together with its subsidiaries,
is referred to as the "Group"; SEHK stock code: 2138), a leading integrated
medical group in Hong Kong, is pleased to announce that the Group will allot
8,078,927 shares to Champion REIT (2778) based on the subscription price of
HK$4.2 per share, representing approximately 0.812% of the enlarged issued
share capital. Champion REIT will thereby become the Group's strategic
partner.
According to the agreement, the subscription price represents a discount of
approximately 1.18% to the closing price as at the settlement date of the
subscription agreement. Upon mutual agreement of Union Medical Healthcare
and Champion REIT, the proceeds from the subscription amounting will set off
against the rental expense of Union Medical Healthcare for the five months
ended 31 July 2020 in the amount of HK$33.9 million. There has been no
material adverse change in the Group's cash position since 30 September
2019. To strengthen the collaborative relationship with Champion REIT, the
Group will become the leading medical and healthcare service provider to
Champion REIT in Mong Kok, with a view to establishing a medical tourism
destination that offers one-stop medical, healthcare and beauty services.
Mr. Eddy Tang, Chairman, Executive Director and Chief Executive Officer of
Union Medical Healthcare, said, "The Group is the largest tenant of Langham
Place office tower, renting a total of 8 floors with a site area of
approximately 140,000 square feet. The Group has been maintaining good
collaboration with the landlord Champion REIT. Through this share allotment,
the Group will introduce Champion REIT as a strong investor and strategic
partner as well as providing Champion REIT with medical and healthcare
services. Together with Champion REIT, it will fortify the leading market
position of Langham Place Office Tower as a prominent one-stop healthcare,
beauty and lifestyle landmark, while at the same time facilitating the
future business development of the Group."
-End-
About Union Medical Healthcare Limited
Leveraging its core businesses of preventive and precision medicine, Union
Medical Healthcare is committed to developing medical artificial
intelligence by integrating its multi-discipline medical services. The move,
which is supported by the Group's high-end branding and quality customer
services, is aimed at offering customers safe and effective medical services
with professionalism.
The Group principally engages in the provision of one-stop medical and
health care services in Greater China at its 56 clinics and service centres
with an aggregate service floor area of more than 289,000 square feet. The
Group provides a full range of services and products under its well-known
brands, including those of its one-stop aesthetic medical solutions provider
DR REBORN which has ranked first in Hong Kong by sales for years, primary
care clinics jointly established with Tencent Doctorwork, chiropractic
services centre SPINE Central, health management centre re:HEALTH and
comprehensive dental centre UMH DENTAL CARE. In addition, the Group has put
into operation such businesses as the diagnostic and imaging centres HKAI at
Langham Place, Mong Kok and 9 Queens Road Central, an oncology treatment
centre reVIVE, a day procedure centre HKMED and a specialty clinic
SPECIALISTS CENTRAL.
For further information, please contact:
iPR Ogilvy
Callis Lau / Molisa Lau / Vivian Ng
Tel.: (852) 2136 6952 / 2136 6953 / 3920 7651
Fax: (852) 3170 6606
Email: umh@iprogilvy.com
Document: https://eqs-cockpit.com/c/fncls.ssp?u=GOKIMCLSYH [1]
Document title: Union Medical Healthcare to introduce Champion REIT as a
strategic partner through allotment of new shares
29/04/2020 Dissemination of a Financial Press Release, transmitted by EQS
Group.
The issuer is solely responsible for the content of this announcement.
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1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=21075f949a56e9578d699520358e863a&application_id=1033095&site_id=vwd&application_name=news
(END) Dow Jones Newswires
April 29, 2020 09:33 ET (13:33 GMT)
