Wuhan Hanshang Group Co.,Ltd. entered into an agreement to acquire 31% stake in Tongji Medical College Huazhong University of Science and Technology Reproductive Medicine Center from Wuhan Century Jiasheng Institute of Reproductive Medicine (Limited Partnership), Su Nan and Lia Hua for CNY 71.3 million.
July 10, 2020
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Wuhan Hanshang Group Co.,Ltd. (SHSE:600774) entered into an agreement to acquire 31% stake in Tongji Medical College Huazhong University of Science and Technology Reproductive Medicine Center from Wuhan Century Jiasheng Institute of Reproductive Medicine (Limited Partnership), Su Nan and Lia Hua for CNY 71.3 million on July 10, 2020. Under the terms, Wuhan Century will give up 16% stake, Liu Hua will give up 5% stake and Su Nan will give up 10% stake as a part of the transaction. Tongji Medical College Huazhong University of Science and Technology Reproductive Medicine Center reported total assets of CNY 55.2 million, net assets of CNY 14.7 million, revenues of CNY 64.4 million. The transaction does not require approval from shareholders of Wuhan Hanshang. The transaction has been approved by the Board of Wuhan Hanshang.
Hanshang Group Co Ltd, formerly Wuhan Hanshang Group Co Ltd is a China-based company principally engaged in the retail of commodities. The Company is also engaged in the exhibition business, hotel business, tourism business and property management business. The Company mainly operates its retail business through department stores, shopping malls and specialty stores. The Company mainly operates 21st Century Shopping Mall, Ginza Mall and Wuzhan Shopping Center.
Wuhan Hanshang Group Co.,Ltd. entered into an agreement to acquire 31% stake in Tongji Medical College Huazhong University of Science and Technology Reproductive Medicine Center from Wuhan Century Jiasheng Institute of Reproductive Medicine (Limited Partnership), Su Nan and Lia Hua for CNY 71.3 million.
HANSHANG GROUP CO., LTD. 
