Live Breaking News & Updates on Zhengji Pharmacy Chain Co Ltd

BOQI International Medical Inc. to Sell One of Its Pharmacy Chain
BOQI International Medical Inc. to Sell One of Its Pharmacy Chain
New York, Dec. 14, 2020 BOQI International Medical Inc. (NASDAQ: BIMI) (“BIMI” or the “Company”) today announced that it has signed definitive agreements to sell BOQI Zhengji Pharmacy Chain Co., Ltd. (“Zhengji Pharmacy”), the owner and operator of 16 pharmacies in the city of Dalian of China.
On December 11, 2020, BIMI and its subsidiaries entered into a Termination and Release Agreement (the “Release Agreement”) with four individuals who sold Zhengji Pharmacy to the Company.  The parties to the Release Agreement confirmed that Zhengji Pharmacy’s performance targets as stipulated in the Stock Purchase Agreement dated April 11, 2019 (as amended on February 6, 2020, the “Pharmacy Purchase Agreement”) will not be met, and therefore the Pharmacy Sellers will not be eligible to receive the Cash Consideration or any othe ....

Yiming Zhang , New York , United States , International Medical Inc , Zhengji Pharmacy Chain Co Ltd , Xinrongxin Industrial Development Co Ltd , Exchange Commission , Dragon Gate Investment Partners , Nf Energy Saving Corporation , Company Quarterly Report On Form , Release Agreement , Zhengji Pharmacy , Stock Purchase Agreement , Pharmacy Sellers , Cash Consideration , Pharmacy Purchase , Tiewei Song , Chief Executive Officer , Saving Corporation , United States Securities , Quarterly Report , மிங் ஜாங் , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , சர்வதேச மருத்துவ இன்க் , பரிமாற்றம் தரகு ,