The education association, which was criticized by the mainland official media as a "malignant tumor", was undergoing a dissolution process, and news of its properties changed hands.
The listed company Baiben Healthcare Holdings Co., Ltd. (2293) announced on Friday that it will acquire two properties of the Education Association in the Good Hope Building in Mong Kok for a total of 175 million yuan. It has signed a temporary agreement on September 2 and paid a deposit of 10 million yuan. , The transaction will be completed before November 11.
Baiben refers to the intention to use these properties to set up medical staff assessment centers and other business purposes.
Screenshot of the announcement of major issues of Baiben Medical Care.
(HKEx Disclosure website)
Baiben Healthcare Holdings Co., Ltd. (2293) announced a major transaction acquisition in accordance with the listing rules on Friday, disclosed on September 2, 2021 by its two indirect wholly-owned subsidiaries-Hengjia International Co., Ltd. and Xingmao International Co., Ltd. , Respectively entered into provisional agreements with the Hong Kong Educational Professionals Association (HKEA) to purchase the latter’s entire floor on the 8th floor of the Good Hope Building, No. 612/618 Nathan Road, No. 5 Sai Yeung Choi Street South, Mong Kok (transferred to a first Except for the part of the tripartite), and the 9th floor full-floor property.
Among them, the 8th floor property was valued at 91.5 million yuan, and the 9th floor property was valued at 83.5 million yuan.
The first deposit of the two transactions is 5 million each, and both will be completed on or before November 11.
The temporary contract stipulates that the buyer must complete the acquisition of two properties together, and the consideration is to be funded by the group's internal resources and available bank financing.
Intended to be used to establish a medical staff assessment center
Baiben Medical Care stated that the group currently rents venues in Hong Kong for office use.
The space provided by the rented venue is not sufficient for the group's operating purposes and limited business development.
The directors intend to use these properties as main business offices, setting up medical staff assessment centers and other business purposes.
Since one or more applicable percentage ratios of the acquisition are higher than 25% but lower than 100%, the acquisition constitutes a major transaction of the company and therefore must comply with the announcement, reporting and shareholder approval requirements of Chapter 14 of the Listing Rules.
Disbandment of the Educational Association｜Members who attended the meeting reluctantly passed the revision materials to continue the dissolution process in mid-September [Picture] The largest trade union in the industry in the 48 years of the founding of the Educational Association looks back on the many important events since the founding of the Educational Association and the FDC. What's next ? The official media warned the Law Society with a high-profile warning that the 3 directors of Baiben Healthcare will resign Gao Yongwen to remain as an independent director Gao Yongwen will be appointed as a non-executive director of Baiben Healthcare, with a monthly fee of 10,000 yuan