Universal Health International Group Holding Limited (SEHK:2211) agreed to acquire 11% stake in Allways Health-Care Corporation Limited from Xie Wei for HKD 27.8 million on April 18, 2018. A total of 182.4 million shares will be issued as consideration for 1.1 million shares of Allways Health Care. Allways Health Care reported total assets of HKD 27.3 million and profit after tax of HKD 10.68 million as of March 31, 2018. Deal is conditional on completion of due diligence, listing approval of new shares and approval by the board of seller. Completion of the deal will take place within 3 business days of the fulfillment of the conditions. Universal Health International Group Holding Limited (SEHK:2211) completed the acquisition of 11% stake in Allways Health-Care Corporation Limited from Xie Wei on May 31, 2018.