Bamboos Health Care (02293) said it entered into the subscription and shareholders' agreement with Chan Hau Ngai and Chan Chiu Lung in relation to the formation of a joint venture company, Garden Medical Centre Limited.
The JV is intended to be principally engaged in operation of plastic surgery clinic(s) in Hong Kong and in all other business and activities ancillary or incidental to such operation. The JV will be owned as to 30% by Bamboos Health, as to 50% by Chan Hau Ngai, and as to 20% by Chan Chiu Lung.
Chan Hau Ngai is currently a Specialist in Dermatology at his own clinic located in Central, Hong Kong. Chan Chiu Lung is currently a Specialist in Plastic Surgery at Queen Mary Hospital and a Clinical Assistant Professor at Department of Surgery of the University of Hong Kong.
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