{"id":430688,"date":"2021-02-08T09:17:58","date_gmt":"2021-02-08T14:17:58","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=430688"},"modified":"2021-02-08T09:17:58","modified_gmt":"2021-02-08T14:17:58","slug":"boqi-international-medical-announces-closing-of-the-acquisition-of-chongqing-guoyitang-hospital","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/boqi-international-medical-announces-closing-of-the-acquisition-of-chongqing-guoyitang-hospital\/","title":{"rendered":"BOQI International Medical Announces Closing of the Acquisition of Chongqing Guoyitang Hospital"},"content":{"rendered":"
\n

NEW YORK, Feb. 08, 2021 (GLOBE NEWSWIRE) — BOQI International Medical Inc. (NASDAQ: BIMI) (\u201cBIMI\u201d or the \u201cCompany\u201d) today announced that it had completed the acquisition of Chongqing Guoyitang Hospital Co., Ltd. (\u201cGuoyitang\u201d).<\/p>\n

The aggregate purchase price for the Guoyitang Shares was RMB 100,000,000 (approximately $15,243,902). The closing consideration consisted of 2,000,000 shares of common stock of the Company valued at RMB 40,000,000 (approximately US$6,097,560) and RMB 20,000,000 (approximately US$3,048,780) in cash. The balance of the purchase price in the amount of RMB 40,000,000 (approximately US$6,097,560) is subject to post-closing adjustments based on the performance of Guoyitang in 2021 and 2022.<\/p>\n

\u201cThe acquisition of Guoyitang is a key milestone in our online-to-offline strategy,\u201d said Mr. Tiewei Song, Chief Executive Officer and President of BOQI International Medical Inc. \u201cThis acquisition enables us to serve more customers with medical needs and is our first step in building a hospital chain for obstetrics and gynecology. We believe this acquisition will strengthen our ability to accelerate expansion into the southwest market and provide benefits to our investors.\u201d<\/p>\n

\n About BOQI International Medical Inc.<\/b>\n <\/p>\n

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 www.usbimi.com<\/u><\/a>.<\/p>\n

\n Safe Harbor Statement<\/b>\n <\/p>\n

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

\n IR Contact:<\/b>\n <\/p>\n

Dragon Gate Investment Partners LLC
Tel: +1(646)-801-2803
Email: BIMI@dgipl.com<\/u><\/a><\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, Feb. 08, 2021 (GLOBE NEWSWIRE) — BOQI International Medical Inc. (NASDAQ: BIMI) (\u201cBIMI\u201d or the \u201cCompany\u201d) today announced that it had completed the acquisition of Chongqing Guoyitang Hospital Co., Ltd. (\u201cGuoyitang\u201d). The aggregate purchase price for the Guoyitang Shares was RMB 100,000,000 (approximately $15,243,902). The closing consideration consisted of 2,000,000 shares of common stock of the Company valued at RMB 40,000,000 (approximately US$6,097,560) and RMB 20,000,000 (approximately US$3,048,780) in cash. The balance of the purchase price in the amount of RMB 40,000,000 (approximately US$6,097,560) is subject to post-closing adjustments based on the performance of Guoyitang in 2021 and 2022. \u201cThe acquisition of Guoyitang is a key milestone in our online-to-offline strategy,\u201d said Mr. Tiewei Song, Chief Executive Officer … <\/p>\n

Continue reading “BOQI International Medical Announces Closing of the Acquisition of Chongqing Guoyitang Hospital”<\/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-430688","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBOQI International Medical Announces Closing of the Acquisition of 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-announces-closing-of-the-acquisition-of-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 Announces Closing of the Acquisition of Chongqing Guoyitang Hospital - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEW YORK, Feb. 08, 2021 (GLOBE NEWSWIRE) — BOQI International Medical Inc. (NASDAQ: BIMI) (\u201cBIMI\u201d or the \u201cCompany\u201d) today announced that it had completed the acquisition of Chongqing Guoyitang Hospital Co., Ltd. (\u201cGuoyitang\u201d). The aggregate purchase price for the Guoyitang Shares was RMB 100,000,000 (approximately $15,243,902). The closing consideration consisted of 2,000,000 shares of common stock of the Company valued at RMB 40,000,000 (approximately US$6,097,560) and RMB 20,000,000 (approximately US$3,048,780) in cash. The balance of the purchase price in the amount of RMB 40,000,000 (approximately US$6,097,560) is subject to post-closing adjustments based on the performance of Guoyitang in 2021 and 2022. \u201cThe acquisition of Guoyitang is a key milestone in our online-to-offline strategy,\u201d said Mr. Tiewei Song, Chief Executive Officer … Continue reading "BOQI International Medical Announces Closing of the Acquisition of Chongqing Guoyitang Hospital"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/boqi-international-medical-announces-closing-of-the-acquisition-of-chongqing-guoyitang-hospital\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-08T14:17:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE0ODk5NCMzOTY1NTQ1IzUwMDA2NDA1OA==\" \/>\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-announces-closing-of-the-acquisition-of-chongqing-guoyitang-hospital\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/boqi-international-medical-announces-closing-of-the-acquisition-of-chongqing-guoyitang-hospital\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"BOQI International Medical Announces Closing of the Acquisition of Chongqing Guoyitang Hospital\",\"datePublished\":\"2021-02-08T14:17:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/boqi-international-medical-announces-closing-of-the-acquisition-of-chongqing-guoyitang-hospital\\\/\"},\"wordCount\":402,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/boqi-international-medical-announces-closing-of-the-acquisition-of-chongqing-guoyitang-hospital\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODE0ODk5NCMzOTY1NTQ1IzUwMDA2NDA1OA==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/boqi-international-medical-announces-closing-of-the-acquisition-of-chongqing-guoyitang-hospital\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/boqi-international-medical-announces-closing-of-the-acquisition-of-chongqing-guoyitang-hospital\\\/\",\"name\":\"BOQI International Medical Announces Closing of the Acquisition of Chongqing Guoyitang Hospital - 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