Ruici Medical (01526) announced that on November 4, 2025, its wholly-owned subsidiary, Shanghai Ruici Ruibo Outpatient Clinic...
Zhitong Finance APP reported that Ruici Medical (01526) announced on November 4, 2025, that its wholly-owned subsidiary, Shanghai Ruici Ruibo Outpatient Department Co., Ltd., intends to purchase a residential unit located at Room 1_4, 1st Floor, No. 40, Building 13, Lane 377, Longqi Road, Shanghai, China, from Shanghai Donghang Real Estate Co., Ltd. The total construction area of the property is approximately 570.06 square meters, with a consideration of approximately RMB 199 million.
The directors believe that the acquisition represents an excellent medium- to long-term investment opportunity for the company. The property is located in Xuhui District, one of the core commercial and residential areas of Shanghai, China. As an international hub for China’s economy, finance, trade, shipping, and technological innovation, Shanghai possesses robust economic vitality and enormous development potential, offering a favorable investment environment. In light of the surrounding development projects and the overall growth trajectory of Shanghai, the directors are optimistic about the property's potential for significant capital appreciation over the medium to long term. Therefore, the directors consider the acquisition to be an excellent investment opportunity that can provide the company with a reasonable level of return.
