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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| China Med | LSE:CMDS | London | Ordinary Share | SG9999002489 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 57.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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CHINA MEDSTAR LIMITED
Equipment sale completed
China Medstar Limited ("Medstar" or the "Company"), a specialist in the supply
of diagnostic imaging and radiotherapy equipment to medical centres in
hospitals in China, announces it has completed the large equipment sale
previously mentioned in its September interim results.
The Company has completed the sale of a General Electric ("GE") 64CT scanner
plus ancillary equipment to one of the General Hospitals in Luoyang, Henan
Province. The Company had experienced a delay in this planned sale as a result
of time taken by the hospital to obtain the necessary governmental permit for
this equipment.
Dr. Cheng Zheng, Chairman and CEO, commented:
"At the time of our admission to AIM we set out a series of objectives, namely
to expand the Trading Division and increase investment in further radiotherapy
centres - key targets we have met this financial year. Revenue recognised from
this sale is in line with our expectations and we look forward to making
further announcements of Trading Division sales during the current financial
year."
27 November 2007
Enquiries:
China Medstar Ltd Tel: +86 (10) 5825 6867
Dr Cheng Zheng, Chairman and CEO/ Yap
Yaw Kong, CFO
Evolution Securities Tel: +44 (0) 20 7071 4300
Tom Price/Bobbie Hilliam
Evolution Securities China Tel: +44 (0) 20 7220 4850
Nick Martin
Nexus Financial Ltd Tel: +44 (0) 20 7451 7050
Nicholas Nelson/Kathy Boate
END
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