FilingReader Intelligence
Town Health reallocates HK$62m proceeds, profit dispute ongoing
August 18, 2025 at 10:31 AM UTC•By FilingReader AI
Town Health International Medical Group reallocated HK$62 million from IT platform development to acquisition and development of medical institutions. The company extended its timeline for utilizing HK$247 million in remaining proceeds to end-2026.
Proceedings continue over the 2023 profit guarantee claim against the Target Group with no resolution yet.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
HKEX:3886•Hong Kong Exchange
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