Jinan Likang, a subsidiary of Town Health International Medical Group (HKG:3886), has agreed to lease certain units in China Life Building in Shandong, China, from the Shandong branch of China Life Insurance (HKG:2628) for thirty months, a Sept. 27 bourse filing said.
The term of the lease will begin Tuesday, Oct. 1, and expire March 31, 2027.
China Life Insurance is a substantial shareholder of Town Health International Medical.
Shares of medical services company Town Health International Medical closed nearly 2% higher on Monday.
Price (HKD): $0.27, Change: $+0.0050, Percent Change: +1.92%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments