[ET Net News Agency, 17 June 2019] Union Medical Healthcare Limited (02138) said its
indirectly wholly-owned subsidiary Team Expert Investment Limited has agreed to buy a 60%
stake in a target company from three sellers for HK$25.2 million in cash.
The target company is an investment holding company, which operates marketing solution
services through its subsidiaries.
Union Medical considers that the acquisition will enhance the group's marketing effort
and hence its efficiency. The acquisition is also expected to improve the results
attributable to the group and the overall shareholder' return. (KL)