GOLDWAY EDU (08160) announced that on September 10, 2024, the company entered into an agreement with the seller, Shengyao Conglomerates Limited, to acquire the entire issued shares of the target company, Jialin Medical Group, for a consideration of HKD 8 million. The consideration will be paid in cash and through the issuance of shares.
GOLDWAY EDU (08160) announced that on September 10, 2024, the company entered into an agreement with the seller, Shengyao Conglomerates Limited, to acquire the entire issued shares of the target company, Jialin Medical Group, for a consideration of HKD 8 million. The consideration will be paid in cash and through the issuance of shares.
The target group mainly engages in providing professional education and skills training related to health management in mainland China. Health management refers to the examination and assessment of individual health conditions, as well as providing targeted health information, guidance, and intervention to address factors that may affect health. In response to market demand, the target group has established a talent training system for health management professionals. It develops standards and systematic teaching content for healthcare management personnel, and provides high-quality online and offline training courses for health management, home care, home health, and life support services.
The target group provides health management education and training services in mainland China. Given the aging population in China and the increasing demand for healthcare services, the directors hold an optimistic outlook on the future prospects of the target group. They believe that paying part of the consideration through the issuance of shares will allow the group to retain its remaining cash for other business development and working capital, avoiding additional pressure on the group's cash flow and liquidity.