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New World Development Invests in New Century Healthcare; Plans More China Clinics/Hospitals

publication date: Apr 9, 2018

New World Development, a Hong Kong conglomerate, acquired a 4.29% stake in New Century Healthcare, a China pediatric and OB-GYN medical services provider. The stake, which was acquired from another investor, is worth $30 million. According to the companies, they intend to extend their holdings in pediatric/OB-GYN medical services, adding new hospitals and clinics through internal development and acquisitions. They also plan to add new technologies that will provide remote diagnosis and treatments for greater efficiency and productivity. More details....

Stock Symbols: (HK: 0017) (HK: 1518)

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