Property News · May 5, 2020

In a first, Hong Kong health care firm allots shares to landlord to offset rent amid coronavirus ravaged economy


Hong Kong-based Union Medical Healthcare has found a unique way of meeting its rent obligation amid an economy ravaged by the coronavirus pandemic.In a first, the company, which provides medical and health care services through 56 clinics and service centres in Hong Kong, Macau and mainland China, has allotted about 8 million shares, or 0.8 per cent of its enlarged share capital, to Champion Reit, its landlord at Langham Place in Hong Kong’s Mong Kok district. The share allotment is meant to…

Source : South China Morning Post
Read more…In a first, Hong Kong health care firm allots shares to landlord to offset rent amid coronavirus ravaged economy