BOQI International Professional medical Announces Closing of the Acquisition of Chongqing Guoyitang Hospital

Tom Smith

Press launch content from Globe Newswire. The AP news employees was not involved in its generation. https://apnews.com/press-launch/globe-newswire/small business-better-china-wellbeing-treatment-industry-wellbeing-treatment-facility-operation-clinic-and-clinic-products and services-369aee4d697eb54dee69ba3dff6cd93a Simply click to copy NEW YORK, Feb. 08, 2021 (World NEWSWIRE) — BOQI Global Clinical Inc. (NASDAQ: BIMI) (“BIMI” or the “Company”) currently announced that it experienced accomplished the acquisition […]

Press launch content from Globe Newswire. The AP news employees was not involved in its generation.

NEW YORK, Feb. 08, 2021 (World NEWSWIRE) — BOQI Global Clinical Inc. (NASDAQ: BIMI) (“BIMI” or the “Company”) currently announced that it experienced accomplished the acquisition of Chongqing Guoyitang Healthcare facility Co., Ltd. (“Guoyitang”).

The combination acquire price tag for the Guoyitang Shares was RMB 100,000,000 (close to $15,243,902). The closing consideration consisted of 2,000,000 shares of prevalent inventory of the Firm valued at RMB 40,000,000 (approximately US$6,097,560) and RMB 20,000,000 (about US$3,048,780) in dollars. The balance of the obtain price tag in the quantity of RMB 40,000,000 (somewhere around US$6,097,560) is subject matter to write-up-closing changes based mostly on the performance of Guoyitang in 2021 and 2022.

“The acquisition of Guoyitang is a essential milestone in our on-line-to-offline system,” claimed Mr. Tiewei Tune, Main Govt Officer and President of BOQI Global Health care Inc. “This acquisition allows us to serve much more prospects with medical needs and is our 1st step in making a clinic chain for obstetrics and gynecology. We imagine this acquisition will reinforce our capability to accelerate enlargement into the southwest current market and present gains to our investors.”

About BOQI Worldwide Health care Inc.

BOQI International Healthcare Inc. (previously regarded as NF Vitality Conserving Corporation) (NASDAQ: BIMI) was launched in 2006. In February 2019, the Board of Directors of the company was reorganized with a aim on the overall health sector. The Enterprise is now exclusively a healthcare products company, providing a wide selection of health care merchandise and relevant companies. For a lot more data about BOQI Global Professional medical, be sure to stop by www.usbimi.com.

Safe Harbor Assertion

Specified matters mentioned in this information launch are ahead-hunting statements that include a selection of challenges and uncertainties which includes, but not minimal to, the Company’s capacity to accomplish worthwhile functions, its ability to keep on to run as a likely worry, its means to continue to satisfy NASDAQ continued listing specifications, the effects of the unfold of the Coronavirus (COVID-19), the desire for the Company’s goods and the Company’s customers’ economic ailment,  possibility of operations in the People’s Republic of China, common financial conditions and other threat things thorough in the Company’s yearly report and other filings with the United States Securities and Exchange Commission. Buyers are urged to read through the Company’s Quarterly Report on Form 10-Q for the a few months finished March 31, 2020 for more data about the Company’s monetary final results, liquidity and money resources.

IR Make contact with:

Dragon Gate Expense Partners LLC
Tel: +1(646)-801-2803
Electronic mail: [email protected]

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