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On 24 July 2009, our Company entered into an sale and
purchase agreement (the agreement) to acquire the entire
issued share capital of Wealthy China Group Limited
in the consideration of HK$498,000,000. After the transaction,
China Chief Medical Standards Database Co., Ltd. and
Beijing Upway Science & Technology Development Co.
Ltd. would be expected indirectly hold by our Company
in 60% and 100% respectively. According to the agreement,
it would be completed before 31 December 2009 if conditions
precedent are satisfied. It is a good opportunity for
us to further expand our business lines by diversifying
into the healthcare information technology (HIT) sector
in the PRC.
For further details and latest progress of the transaction
please see our release on HKExnews.
You are also welcome to visit our target group companies'
website:
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