Onehealth to Acquire Stake in Textile Maker for 582 Million Yuan

MT Newswires Live04-15

Meinian Onehealth Healthcare (SHE:002044) plans to acquire 16.4% of textile manufacturer Zhejiang Bangjie Holding Group for 582.3 million yuan, according to a Shenzhen bourse filing on Wednesday.

The healthcare services provider aims to obtain control of Bangjie Holding after its restructuring.

The stake represents 180 million shares.

Onehealth's shares rose 2% during the afternoon trade.

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