EC Healthcare (HK:2138) has released an update.
EC Healthcare has announced the sale of its 51% stake in Preeminent Medical Centre Limited, which operates four clinics specializing in obstetrics and gynaecology in Hong Kong, for HK$80,249,000 in cash. This strategic divestment comes as a response to declining birth and fertility rates in the region, which have impacted the company’s financial projections and prompted a realignment of resources towards more profitable healthcare assets. The disposal is not subject to shareholder approval, as it falls below the 5% threshold of applicable percentage ratios.
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