Mr. Xiang /
CHAOHU ZHONGSHAN MINIMALLY INVASIVE HOSPITAL CO., LTD.
BIMI to transfer majority stake in Zhongshan hospital
- Terms
- Not stated
- Stage
- Agreement signed
What happened
BIMI International Medical Inc. agreed to transfer 87% of CHAOHU ZHONGSHAN MINIMALLY INVASIVE HOSPITAL CO., LTD. to Mr. Xiang. The agreement also provides for BIMI to retain 13% and receive a put option for those shares.
In exchange, Mr. Xiang will return shares previously issued by BIMI and release the company from claims related to two earnout payments. The closing is expected in the first quarter of 2023, subject to regulatory approvals and other closing conditions.
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BIMI to transfer majority stake in Zhongshan hospital
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