The financing proposal is subject to customary closing conditTheions.
Medical Care Technologies Inc. announced last fall, the signing of an MOU with Dragon Link Group Ltd. of Hong Kong, for an infrastructure financing of approximately US $1.5M. With a minimum US $500,000 approval from the Australian underwriter, Dragon Link's infrastructure financing will reduce to US $1M.
This arrangement between Dragon Link and MDCE, which encompasses the Shenzhen clinic, a Dongguan location, and future operations across Guangdong Province, is still very much in play. Dragon Link's extensive due diligence of MDCE's proposed clinic operations is nearing completion and expects to close definitive documents in due time. "
Securing this important element of our equipment financing is essential to us meeting our healthcare services objectives," commented Luis Kuo, President. "The financial support of this major underwriter further validates our belief that the Shenzhen clinic is an excellent opportunity with significant potential."
"Our unwavering goal is to lay an unshakeable foundation for our Western-style healthcare initiatives across China, initiatives that will prosper for decades and will become cornerstones of China's future healthcare system", said CEO Ning Wu. "We are taking the time to ensure that every step we take in these crucial days of our clinic's development stage is measured and sure-footed," she added.
IN OTHER WORDS WHAT IS NEW ?
WHAT DO THEY NOW OWN ?
WHAT HAVE THEY BOUGHT ?
WHAT PRODUCTS HAVE THEY SOLD ?
LET'S SEE A FINANCIAL STATEMENT --IMO
JUST SAYING
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