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BRIEF-Rici Healthcare says unit entered into cooperation agreement with South New City
March 28, 2017 / 2:31 PM / 4 months ago

BRIEF-Rici Healthcare says unit entered into cooperation agreement with South New City

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March 28 (Reuters) - Rici Healthcare Holdings Ltd

* Shanghai Rich Medical, an indirectly wholly-owned subsidiary of company, and South New City entered into cooperation agreement

* Deal in relation to establishment of joint venture for purpose of operating a healthcare industry park in Nanjing,

* Pursuant to cooperation agreement, South New City agrees to make a capital contribution of RMB35.0 million to JV

* Shanghai Rich Medical agrees to make a capital contribution of RMB65.0 million to JV and will hold 65% equity interests in JV Source text for Eikon: Further company coverage:

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