Hospital Corporation of China (HKG:3869) unit Cixi Honghe Medical Management agreed to acquire Cixi Honghe Property Management from Cixi Honghe Hospital for about 49.5 million yuan, a Wednesday Hong Kong bourse filing said.
The major asset of the target company is a property leased out to Hospital Corporation of China.
Through the acquisition, the company will secure ownership of the property and the use of the land.
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