Hospital Corp of China Bolsters Jinhua Hospital’s Finances

Hospital Corporation of China Ltd (HK:3869) has released an update.

Hospital Corporation of China Ltd has entered into significant financial commitments, providing corporate guarantees and financial assistance to Jinhua Hospital. The agreements include a corporate guarantee of RMB104 million to Nanyang Bank and a joint liability guarantee, along with a pledge of equity interests, for a maximum of RMB173 million to China Construction Bank. These strategic financial moves are deemed fair, reasonable, and in the best interests of the company and its shareholders.

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