Xi'an International Medical Investment Company Limited (SZSE:000516) signed an equity transfer agreement to acquire 55% stake in Xi’an Shengxin Medical Management Co., Ltd. from Li Jianshen for approximately CNY 110 million on June 20, 2018. Xi'an International Medical Investment will finance the deal from own resources. For the period ending December 31, 2017, Xi’an Shengxin Medical Management reported total assets of CNY 100.06 million, net assets of CNY 99.86 million and net loss of CNY 0.02 million. The transaction was approved by the Board of Directors of Xi'an International at the 2nd meeting of the 11th directorate of Xi'an International Medical Investment.