Fullshare Holdings supports the development of healthcare businesses by investing in Medicskin
Sep 29, 2016
1 minute read
(30 September, 2016, Hong Kong) Fullshare Holdings Limited (“Fullshare Holdings” or the “Company”, which together with its subsidiaries, is referred to as the “Group”; SEHK stock code: 607), is pleased to announce that the Group supports the development of healthcare businesses by entering into a subscription agreement with Medicskin Holdings Limited (“Medicskin”) to subscribe for 80,000,000 new fully paid up shares of Medicskin at the subscription price of HK$0.648 per subscription for a total consideration of HK$51.84 million. The consideration will be satisfied by cash. Upon completion, the Group will be interested in approximately 16.67% in Medicskin as enlarged by the subscription shares.
Medicskin (SEHK Stock Code: 8307) operates two medical skincare centres in Hong Kong that primarily focus on the treatment of skin diseases or problems and/or the improvement of appearance of clients, offering one-stop skincare solutions according to client’s specific needs, requirements and skin conditions. Medicskin will continue to explore and launch new medical skincare services and skincare products to enhance the quality, effectiveness and variety of their services and products so as to strengthen its market position and maintain competitiveness in the medical skincare industry.
Mr. Ji Changqun, Executive Director, Chairman and Co-CEO of Fullshare Holdings said “the principal businesses of Medicskin are in line with the strategic development and direction of the Group. The businesses of Medicskin can generate synergy effects on the existing medical anti-aging and beauty businesses of the Group in the Chinese and international markets in the future that support the development of healthcare businesses of the Group.”