New Frontier Corporation Shareholders Approve Business Combination with United Family Healthcare
NEW FRONTIER CORP (NFC)
Company Research
Source: GlobeNewswire
HONG KONG, Dec. 12, 2019 (GLOBE NEWSWIRE) -- New Frontier Corporation (NYSE: NFC) (“NFC”), a publicly traded special purpose acquisition company, today announced that its shareholders have approved a business combination with Healthy Harmony Holdings, L.P. (“Healthy Harmony”) and Healthy Harmony GP, Inc. (together with Healthy Harmony, “United Family Healthcare” or “UFH”) to form New Frontier Health Corporation (“NFH”) at the extraordinary general meeting of shareholders held on December 12, 2019. Approximately 96.4% of the shares voted were voted in favor of the business combination, representing 89.4% of all outstanding shares of NFC. Antony Leung, Co-Founder and Chairman of New Frontier Group and NFC, commented, “We believe China healthcare represents an unprecedented opportunity. We are excited to work closely with the management team of NFH/UFH to continue the next chapter of the growth of the company.” Roberta Lipson, Chief Executive Officer of UFH, said, “The management
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