{"id":396323,"date":"2020-12-09T08:33:21","date_gmt":"2020-12-09T13:33:21","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=396323"},"modified":"2020-12-09T08:33:21","modified_gmt":"2020-12-09T13:33:21","slug":"boqi-international-medical-enters-into-stock-purchase-agreement-to-acquire-chongqing-guoyitang-hospital","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/boqi-international-medical-enters-into-stock-purchase-agreement-to-acquire-chongqing-guoyitang-hospital\/","title":{"rendered":"BOQI International Medical Enters into Stock Purchase Agreement to Acquire Chongqing Guoyitang Hospital"},"content":{"rendered":"<div class=\"mw_release\">\n<p>New York, Dec.  09, 2020  (GLOBE NEWSWIRE) &#8212; BOQI International Medical Inc. (NASDAQ: BIMI) (\u201cBIMI\u201d or the \u201cCompany\u201d) today announced that it has entered into a Stock Purchase Agreement (the \u201cAgreement\u201d) on December 7, 2020, to acquire Chongqing Guoyitang Hospital (\u201cGuoyitang\u201d), the owner and operator of a private general hospital in Chongqing City, a southwest city of China, with 100 hospital beds, 53 medical doctors, 40 medical technicians, 50 nurses and 57 administrative employees.<\/p>\n<p>Pursuant to the Agreement, BIMI will purchase all the issued and outstanding equity interests in Guoyitang. The aggregate purchase price for Guoyitang is US$15,243,902 (RMB 100,000,000). Upon signing the Agreement, 2,000,000 shares of common stock of BIMI and approximately US$3,048,780 (RMB 20,000,000) will be paid as partial consideration for the purchase of Guoyitang. The balance of the purchase price in the amount of approximately US$6,097,560 (RMB 40,000,000) is subject to post-closing adjustments based on the performance of Guoyitang in 2021 and 2022.<\/p>\n<p>\u201cThe acquisition of Guoyitang will allow us to accelerate our online-to-offline strategy,\u201d said Mr. Tiewei Song, Chief Executive Officer and President of BOQI International Medical Inc. \u201cBIMI\u2019s medical supply chain can support Guoyitang with higher operational efficiency, while Guoyitang can provide comprehensive medical services to supplement BIMI\u2019s offline businesses. We intend to create a hospital chain for obstetrics and gynecology and plan to acquire more specialty hospitals. We believe that this acquisition can further expand our healthcare services and create more value for our investors.\u201d<\/p>\n<p>\n        <strong>About BOQI International Medical Inc.<\/strong>\n      <\/p>\n<p>BOQI International Medical Inc. (formerly known as NF Energy Saving Corporation) (NASDAQ: BIMI) was founded in 2006. In February 2019, the Board of Directors of the company was reorganized with a focus on the health industry. The Company is now exclusively a healthcare products provider, offering a broad range of healthcare products and related services. For more information about BOQI International Medical, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=8gp11-gRYc30Ria1kcfmjniQa6y7SdR6kCkqNz_8wnvX-jN-bETZbZtpoJMUpUa30nuk9VTSq0OzDb3tdGMYaw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.usbimi.com<\/u><\/a>.<\/p>\n<p>\n        <strong>Safe Harbor Statement<\/strong>\n      <\/p>\n<p>Certain matters discussed in this news release are forward-looking statements that involve a number of risks and uncertainties including, but not limited to, the Company\u2019s ability to achieve profitable operations, its ability to continue to operate as a going concern, its ability to continue to meet NASDAQ continued listing requirements, the effects of the spread of the Coronavirus (COVID-19), the demand for the Company\u2019s products and the Company\u2019s customers\u2019 economic condition,\u00a0 risk of operations in the People\u2019s Republic of China, general economic conditions and other risk factors detailed in the Company\u2019s annual report and other filings with the United States Securities and Exchange Commission. Investors are urged to read the Company\u2019s Quarterly Report on Form 10-Q for the three months ended March 31, 2020 for further information about the Company\u2019s financial results, liquidity and capital resources.<\/p>\n<p>\n        <strong>IR Contact:<\/strong>\n      <\/p>\n<p>Dragon Gate Investment Partners LLC<br \/> Tel: +1(646)-801-2803<br \/> Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ZiqDzq17tTBtgR8e1HlUCjjOKdiKStl1ckk67KuFnLN_2vsfGPp6TM0DentkDYXfHDdi5jfyREgo-d6IDZhnew==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>BIMI@dgipl.com<\/u><\/a><\/p>\n<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5OTEzOCMzODYyOTg1IzUwMDA2NDA1OA==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/2dfcef91-a26d-4d95-9092-946c35c8a550\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>New York, Dec. 09, 2020 (GLOBE NEWSWIRE) &#8212; BOQI International Medical Inc. (NASDAQ: BIMI) (\u201cBIMI\u201d or the \u201cCompany\u201d) today announced that it has entered into a Stock Purchase Agreement (the \u201cAgreement\u201d) on December 7, 2020, to acquire Chongqing Guoyitang Hospital (\u201cGuoyitang\u201d), the owner and operator of a private general hospital in Chongqing City, a southwest city of China, with 100 hospital beds, 53 medical doctors, 40 medical technicians, 50 nurses and 57 administrative employees. Pursuant to the Agreement, BIMI will purchase all the issued and outstanding equity interests in Guoyitang. The aggregate purchase price for Guoyitang is US$15,243,902 (RMB 100,000,000). Upon signing the Agreement, 2,000,000 shares of common stock of BIMI and approximately US$3,048,780 (RMB 20,000,000) will be paid as &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/boqi-international-medical-enters-into-stock-purchase-agreement-to-acquire-chongqing-guoyitang-hospital\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;BOQI International Medical Enters into Stock Purchase Agreement to Acquire Chongqing Guoyitang Hospital&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-396323","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BOQI International Medical Enters into Stock Purchase Agreement to Acquire Chongqing Guoyitang Hospital - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/boqi-international-medical-enters-into-stock-purchase-agreement-to-acquire-chongqing-guoyitang-hospital\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BOQI International Medical Enters into Stock Purchase Agreement to Acquire Chongqing Guoyitang Hospital - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"New York, Dec. 09, 2020 (GLOBE NEWSWIRE) &#8212; BOQI International Medical Inc. (NASDAQ: BIMI) (\u201cBIMI\u201d or the \u201cCompany\u201d) today announced that it has entered into a Stock Purchase Agreement (the \u201cAgreement\u201d) on December 7, 2020, to acquire Chongqing Guoyitang Hospital (\u201cGuoyitang\u201d), the owner and operator of a private general hospital in Chongqing City, a southwest city of China, with 100 hospital beds, 53 medical doctors, 40 medical technicians, 50 nurses and 57 administrative employees. Pursuant to the Agreement, BIMI will purchase all the issued and outstanding equity interests in Guoyitang. The aggregate purchase price for Guoyitang is US$15,243,902 (RMB 100,000,000). Upon signing the Agreement, 2,000,000 shares of common stock of BIMI and approximately US$3,048,780 (RMB 20,000,000) will be paid as &hellip; Continue reading &quot;BOQI International Medical Enters into Stock Purchase Agreement to Acquire Chongqing Guoyitang Hospital&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/boqi-international-medical-enters-into-stock-purchase-agreement-to-acquire-chongqing-guoyitang-hospital\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-09T13:33:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5OTEzOCMzODYyOTg1IzUwMDA2NDA1OA==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/boqi-international-medical-enters-into-stock-purchase-agreement-to-acquire-chongqing-guoyitang-hospital\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/boqi-international-medical-enters-into-stock-purchase-agreement-to-acquire-chongqing-guoyitang-hospital\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"BOQI International Medical Enters into Stock Purchase Agreement to Acquire Chongqing Guoyitang Hospital\",\"datePublished\":\"2020-12-09T13:33:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/boqi-international-medical-enters-into-stock-purchase-agreement-to-acquire-chongqing-guoyitang-hospital\\\/\"},\"wordCount\":469,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/boqi-international-medical-enters-into-stock-purchase-agreement-to-acquire-chongqing-guoyitang-hospital\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODA5OTEzOCMzODYyOTg1IzUwMDA2NDA1OA==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/boqi-international-medical-enters-into-stock-purchase-agreement-to-acquire-chongqing-guoyitang-hospital\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/boqi-international-medical-enters-into-stock-purchase-agreement-to-acquire-chongqing-guoyitang-hospital\\\/\",\"name\":\"BOQI International Medical Enters into Stock Purchase Agreement to Acquire Chongqing Guoyitang Hospital - 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(NASDAQ: BIMI) (\u201cBIMI\u201d or the \u201cCompany\u201d) today announced that it has entered into a Stock Purchase Agreement (the \u201cAgreement\u201d) on December 7, 2020, to acquire Chongqing Guoyitang Hospital (\u201cGuoyitang\u201d), the owner and operator of a private general hospital in Chongqing City, a southwest city of China, with 100 hospital beds, 53 medical doctors, 40 medical technicians, 50 nurses and 57 administrative employees. Pursuant to the Agreement, BIMI will purchase all the issued and outstanding equity interests in Guoyitang. The aggregate purchase price for Guoyitang is US$15,243,902 (RMB 100,000,000). Upon signing the Agreement, 2,000,000 shares of common stock of BIMI and approximately US$3,048,780 (RMB 20,000,000) will be paid as &hellip; Continue reading \"BOQI International Medical Enters into Stock Purchase Agreement to Acquire Chongqing Guoyitang Hospital\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/boqi-international-medical-enters-into-stock-purchase-agreement-to-acquire-chongqing-guoyitang-hospital\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-09T13:33:21+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5OTEzOCMzODYyOTg1IzUwMDA2NDA1OA==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/boqi-international-medical-enters-into-stock-purchase-agreement-to-acquire-chongqing-guoyitang-hospital\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/boqi-international-medical-enters-into-stock-purchase-agreement-to-acquire-chongqing-guoyitang-hospital\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"BOQI International Medical Enters into Stock Purchase Agreement to Acquire Chongqing Guoyitang Hospital","datePublished":"2020-12-09T13:33:21+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/boqi-international-medical-enters-into-stock-purchase-agreement-to-acquire-chongqing-guoyitang-hospital\/"},"wordCount":469,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/boqi-international-medical-enters-into-stock-purchase-agreement-to-acquire-chongqing-guoyitang-hospital\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODA5OTEzOCMzODYyOTg1IzUwMDA2NDA1OA==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/boqi-international-medical-enters-into-stock-purchase-agreement-to-acquire-chongqing-guoyitang-hospital\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/boqi-international-medical-enters-into-stock-purchase-agreement-to-acquire-chongqing-guoyitang-hospital\/","name":"BOQI International Medical Enters into Stock Purchase Agreement to Acquire Chongqing Guoyitang Hospital - 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