Mediwelcome Healthcare Management & Technology Inc. (Mediwelcome) confirmed that all conditions for its previously announced purchase of the entire issued share capital of MediaI Technology Development Limited have been met, and the transaction closed on 23 June 2026. With completion, MediaI becomes an indirect wholly-owned subsidiary and its results and balance sheet will be consolidated into the enlarged Mediwelcome Group from the completion date.
Under the acquisition agreement, consideration will be discharged through a combination of cash and a promissory note. The cash component is earmarked to come from the proceeds of a concurrent placing of new shares under a specific mandate. As the placing has not yet been finalised, Mediwelcome and the vendors have agreed to defer the payment schedule.
Regarding the placing, Know-Your-Client and ultimate beneficial owner checks have been finalised for most independent institutional placees. A small number of investors require additional time to complete onboarding, prompting Mediwelcome and the placing agent to extend both the placing period and the deadline for submitting placee details to the Hong Kong Stock Exchange. The company will issue further updates once the remaining compliance steps are concluded.
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