St Guoyi: the equity transfer agreement of Shangluo hospital is only a framework intention agreement, and the specific transaction scheme needs to be determined through negotiation

St Guoyi announced on March 13 that the company and Shangluo transportation investment and Construction Co., Ltd. signed the framework agreement on equity transfer of Shangluo Xi’An International Medical Investment Company Limited(000516) Central Hospital Co., Ltd. on March 7, and planned to transfer 99% of the equity of Shangluo Xi’An International Medical Investment Company Limited(000516) Central Hospital Co., Ltd. at a price, which is conducive to the company’s improvement of business layout and optimization of asset structure. However, since the agreement signed this time is only a framework agreement of intent, the specific transaction scheme needs to be further negotiated and determined.

St national medical also said that its subordinate Xi’an high tech hospital and Xi’an Xi’An International Medical Investment Company Limited(000516) central hospital have been closed for rectification for three months since January 13 according to the requirements of Xi’an Health Commission. At present, the two hospitals are closing for rectification on schedule.

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