Modern Chinese Medicine Group to Acquire Sale Shares from Huang Yu Holdings for HK$41.82 Million

Reuters01-19 22:53

Modern Chinese Medicine Group to Acquire Sale Shares from Huang Yu Holdings for HK$41.82 Million

Modern Chinese Medicine Group Co. Ltd. has agreed to acquire sale shares from a vendor that is a substantial shareholder of Universal Health, holding approximately 27.72% of Universal Health's issued share capital. The consideration for the acquisition is HK$41,820,000. Completion of the transaction will take place on the third business day after the conditions precedent are satisfied or on a later date as agreed by the parties involved. The company stated that the acquisition aligns with its development strategy, particularly in expanding its geographical presence in Hong Kong and Macau. The vendor, an investment holding company incorporated in the Cayman Islands, and its ultimate beneficial owner Ms. Guo Bing, are independent third parties.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Modern Chinese Medicine Group Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260119-11995254), on January 19, 2026, and is solely responsible for the information contained therein.

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.

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