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Aesthetic Medical International Holdings Group Limited (AIH) said that it has terminated the agreement to acquire a 51% equity interest in Guangdong Hanfei Investment Management Co., Ltd., previously announced on July 14, 2020.


RTTNews | Jan 4, 2021 09:21PM EST

21:20 Monday, January 4, 2021 (RTTNews.com) - Aesthetic Medical International Holdings Group Limited (AIH) said that it has terminated the agreement to acquire a 51% equity interest in Guangdong Hanfei Investment Management Co., Ltd., previously announced on July 14, 2020.

The termination was a result of amicable negotiation of the parties following Hanfei's failure to meet the agreed-upon performance target largely due to the impact from the COVID-19 pandemic.

Read the original article on RTTNews ( https://www.rttnews.com/3157513/aesthetic-medical-terminates-deal-to-acquire-controlling-interest-in-guangdong-hanfei.aspx)

For comments and feedback: contact editorial@rttnews.com

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