Jangho and Beikong to Walk into Health and Medical Industry

On July 12^th 2015, Jangho Group Company Limited signed a framework agreement with Genvon Group Limited  (HK.02389) , outlining the cooperation strategies that the two parties shall work as partners in the field of Medical and Health, and build up a platform for management and merges of hospitals and medical care and treatment. 

Genvon Group Limited (name to be changed as Beijing Enterprises Medical and Health Indusry Group Limited, hereby abbrivated as Beikong Medical & Health ) , a listed company on Hong Kong Stock Exchange (stock code: HK2398) is engaged in development in health and medical care, as well as nursing industries. The group has focused on exploration in medical and health field and be committed to seeking partnership, integration on social resources with the aim of building up Medical & Health service system in terms of high quality on large platform. 

Beijing Enterprises Group Company Limited, a large state-owned enterprise is comprised of 8 Hong Kong Listed Companies such as Beijing Enterprises (0392, HK), Beijing Enterprises Water Group Limited (0371. HK), Beijing Properties (Holding) Limited (0925.HK) , Beijing Enterprises Clean Energy Group Limited (1250. HK) etc, as well as two A-Share Listed Companies such as Beijing Yanjing Brewery Co., Ltd  (000729. SZ) and Huiquan Brewery Co.,Ltd. with abundant operating experience in capital market both in China and abroad, the enterprise has been considered as a model enterprise in Beijing, Hongkong and Taiwan.

Ever since this year Jangho has advocated making full use of advantage to develop businesses in new industries with a focus on “Internet” Medical and health system, as well as PPP project investment. The cooperation between the Jangho Group Company Limited and Genvon shall contribute to breakthroughs in Medical & Health Industry. 

Build up platform for Medical & Health industry and exploit the market for Medical & Health Business .With the joint hands of Genvon, Jangho shall focus on introduction of advanced management and operation system for medical & health and invest on industries relating to hospital management, medical equipment and medical treatment through merging, purchasing shares, and trusteeship. 

The past years witnessed fast strategy implementation, with clear strategic layout and strong capability of capital management, Jangho has fastly entered into field of Interior fit-out and design through rounds of merging for the past 3 years, which has formed a complementary for existing businesses. Reforming on Medical & Health has brought opportunities for development, and attracted capital resources from society to enter into medical business, the PPP mode has been widely spread by the government, under the reforming, and the social resources for public owned hospital gradually opens. Driven by aging population, rise of personal income and investment of medical care reforming, the market for medical care is promising and fast in development. 

The agreement signed between Jangho and and Genvor symbolizes the first step of Jangho to move into Medical & Health field. Through the establishment of strategic partnership, both parties are able to fully display their advantages, be committed to hospital merging and management through deep strategic and all-round cooperation, which contributes to Jangho’s fast integration into Medical & Health industry, promotes the structure upgrade & transformation, improves creativity in development, and exploits further development space.