Benzinga | Mar 25, 2021 08:38AM EDT

UPDATE: BOQI International Says Agreed To Sign Stock Purchase Agreement After Completing Assessment And Evaluation Of Hospitals; Co. To Pay Consideration In Cash Or BIMI Shares At $3/Share

Pursuant to the MOU, BOQI International Medical Inc. and the Sellers have been reached a preliminary consensus on mergers and acquisitions. They agreed to sign a Stock Purchase Agreement ("Agreement") after completing the relevant assessment and evaluation of the Hospitals. After signing the Agreement, the Company will pay the consideration in cash or BIMI's common shares, at a price of $3.00 per share. The Sellers agreed to pay BIMI $75,000 as a deposit within 3 days after signing the MOU.