51 F
New York
Tuesday, April 20, 2021

Aesthetic Medical [NASDAQ: AIH] Cancels Its Acquisition Contract Of Equity Interest In Hanfei

Must read

ICON [NASDAQ: ICLR] Secures Multiple Categories in 2021 CRO Leadership Awards

ICON Public Limited Company has disclosed that it has won multiple categories in the annual CRO Leadership Awards. This is another greatest achievement...

Equinox Announces Sale of Pilar Gold Mine

Equinox Gold Corp. revealed Monday that it has decided to sell its Pilar Gold Mine in Brazil to Pilar Gold Inc. The firm...

OpGen [NASDAQ: OPGN] Announces Strategic Collaboration New York State Department of Health

OpGen, Inc. revealed that it has entered into a strategic collaboration deal with the New York State Department of Health. The focus of...

Why Mer Telemanagement [NASDAQ: MTSL] Skyrocketed on Friday?

Shares of Mer Telemanagement Solutions Ltd skyrocketed during the trading session of Friday. The strong performance of the firm has indicated the positive...

Aesthetic Medical International [NASDAQ: AIH] reported that the company has ceased its contract with Hanfei Investment management. The contract was to purchase a 51% equity interest in Hanfei. The acquisition agreement fell through because Hanfei could not meet its decided performance target because of the impact of Covid-19.

Chairman and CEO of Aesthetic Medical, Dr. Zhou Pengwu said “ We regret that due to the impact of Covid 19 the current market condition is not right for the acquisition of Hanfei. Furthermore, We determined that termination of this acquisition was in the best interest of the company and its shareholders. The company’s strategy is unwavering and we will continue to effectively execute our acquisition strategy”.

He further continued “In the future, we will proceed to explore and seek exciting opportunities in strategic investment and acquisition to address the developing demand and interest for aesthetic medical services globally.”

More articles

Latest article

Largo Resources Gets Approval for Listing on Nasdaq Stock Exchange

Largo Resources disclosed that it has finally obtained authorization from Nasdaq Stock Market LLC. As per the approval, the firm will now eligible to...

Aurora Mobile [NASDAQ: JG] Inks Agreement with Wanda Film

Aurora Mobile Limited disclosed Thursday that it has inked an agreement with Wanda Film Holding Co Ltd. Since its inception, Aurora Mobile has...

Brady [NYSE: BRC] Commence Tender Offer to Buy Nordic ID Oyj

Brady Corporation has inked an agreement with Nordic ID for its acquisition. The firm has commenced the tender offering to buy all the...

Cinedigm [NASDAQ: CIDM] Achieve Record Subscription and Ad-Supported User Growth Milestones

Shares of Cinedigm Corp. skyrocketed 19.30% after the firm reported the update about the subscription. The firm has achieved the best ever achievement...

Aurora Mobile [NASDAQ: JG] Signs Partnership Agreement with Yivi

Aurora Mobile Limited revealed that it has inked a collaboration deal with Hangzhou Yivi Intelligent Technology Co., LTD. (Yivi). Yivi and Aurora both...

Total [NYSE: TOT] Join Forces with Siemens Energy to Reduce LNG Related Emissions

Total SE has joined forces with Siemens Energy to explore the solution for the reduction of CO2 emissions. The firms have inked a...

Kaixin [NASDAQ: KXIN] Signs Cooperation Agreement with Jingdong

Kaixin Auto Holdings declared Monday that it has inked a deal with Jingdong Century Trade Limited. The agreement is the collaboration agreement between...

Pintec [NASAQ: PT] Announces Acquisition of Jishengtai

Pintec Technology Holdings Limited revealed Monday that it has acquired the Shenzhen Jishengtai Technology Co. Ltd (JST). Both the firms have inked the...