Doyen Intl Hold (00668) unit cancels deals with Gaomi X
14/06/2018 17:00
(Infocast News)      Due to certain internal issues of Gaomi City Hospital, Dongkui Financial Leasing (the JV Company), a 77.58%-owned subsidiary of Doyen International Holdings (00668), and Gaomi City Hospital have agreed not to proceed with their transaction, Doyen International Holdings announced.

Doyen International Holdings said earlier this week that the JV Company entered into a Sale and Purchase Agreement with Gaomi City Hospital on 11 June 2018, pursuant to which the JV Company agreed to purchase machinery and equipment from Gaomi City Hospital at a total consideration of RMB30 million (HK$36.9 million). On the same day, the JV Company also entered into a Finance Lease Agreement and a Consultancy Agreement with Gaomi City Hospital.

On 14 June 2018, the JV Company and Gaomi City Hospital entered into an agreement to terminate each of the agreements.

(WL)



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