Golden Meditech (00801) said it conditionally agreed to acquire 50% equity interest in ASA Asset Management Co., Ltd. at JPY425 million (equivalent to about HK$29.22 million).
Magnum Opus International, a company wholly-owned by Kam Yuen, the chairman and controlling shareholder of Golden Meditech, agreed to acquire the remaining 50% equity interest in ASA at the same consideration above.
ASA is a company incorporated in Japan. The principal business activities of ASA are provision of real estate asset management, investment consultancy and property arrangement services (including trust agreement and financial instrument services) with various licences and permits in wealth management. ASA manages offices, residences, commercial facilities, hotels and healthcare houses.
12/12/2017 11:13
Golden Meditech (00801) to buy stake in asset management biz
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