China Resources Phoenix terminated its acquisition of CITIC Medical Hospital for HK$1.24 billion
China Resources Phoenix terminated the acquisition of shares in CITIC Medical Hangzhou Plastic Surgery Hospital and CITIC Huizhou Hospital for HK$1.24 billion. China Resources Phoenix said it will continue to expand its hospital network and explore other opportunities for cooperation with CITIC Healthcare. In October 2016, Phoenix Medical, which has not changed its name, announced that it has acquired two hospitals in Huizhou and Hangzhou under CITIC Medical for a total consideration of HK$1.24 billion. CITIC Medical will become the second largest shareholder of Phoenix Medical, and its largest shareholder is China Resources Medical. Phoenix Medical said at the time that the long-term strategic cooperation with CITIC Medical is an important strategic layout of Phoenix Medical. Announced the acquisition of CITIC Medical's project in the same month, Phoenix Medical passed 100% of the vote on the equity sale and purchase agreement of China Resources Medical's wholly-owned subsidiary Guangxiong Co., Ltd., China Resources Medical was awarded 460 million new shares of Phoenix Medical, officially became the largest Phoenix Medical Shareholders accounted for 35.7% of the shares, and Phoenix Medical changed its name to “China Resources Phoenixâ€. Some analysts believe that the script of China Resources Phoenix has changed from the expected mix at the time to the script of China Resources. Night Vision Sight,Night Vision Sightmark,Holographic Night Vision Sight,Night Vision Scope Adapter Shandong Freedoms Technology Co.,Ltd , https://www.sdfreedomtech.com