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iKang to Form Healthcare Investment Funds with China Industrial Asset Management Limited

iKang Healthcare Group, Inc ADS (KANG)  More Company Research Source: GlobeNewswire
US:NASDAQ Investor Relations: ir.ikang.com
PDF BEIJING, July 19, 2017 (GLOBE NEWSWIRE) -- iKang Healthcare Group, Inc. (“iKang” or the “Company”) (Nasdaq:KANG), a major provider in China’s fast growing private preventive healthcare services market, today announced that it will cooperate with China Industrial Asset Management Limited (“China Industrial Asset Management”), an asset management company with total RMB 185 billion funds under its management, which is under China Industrial Bank, to form certain healthcare investment funds to invest in medical centers. The aggregate size of the healthcare investment funds will not exceed RMB 502 million.  An affiliate of Mr. Lee Ligang Zhang, iKang’s Chairman and CEO, and an affiliate of China Industrial Asset Management will act as general partners and each contribute RMB 1 million to the investment funds. iKang and China Industrial Asset Management will each contribute up to RMB 50 million to the investment funds as limited partners. The investment funds will admit other limited par [Read more]

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