Town Health International Medical Unit to Lease China Premises from Shareholder

MT Newswires Live

2024/09/30

Jinan Likang, a subsidiary of Town Health International Medical Group (HKG:3886), has agreed to lease certain units in China Life Building in Shandong, China, from the Shandong branch of China Life Insurance (HKG:2628) for thirty months, a Sept. 27 bourse filing said.

The term of the lease will begin Tuesday, Oct. 1, and expire March 31, 2027.

China Life Insurance is a substantial shareholder of Town Health International Medical.

Shares of medical services company Town Health International Medical closed nearly 2% higher on Monday.

Price (HKD): $0.27, Change: $+0.0050, Percent Change: +1.92%

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