Just the day before, *st Hengkang announced that the company had received a civil ruling from the Jiaojiang District People's Court in Taizhou. Huabao Trust Co., Ltd. (hereinafter referred to as Huabao Trust) applied to Jiaojiang District Court for compulsory liquidation of Jingfu Cai Hua (Taizhou) Asset Management Center (Limited Partnership), and the case has been accepted by the court.
*st Hengkang announced that the operating loss of Jingfu Cai Hua was made up by the limited partnership property. When a limited partnership suffers losses, the company ranks first as an inferior limited partner (Hengkang Medical Group) and bears the losses according to the paid-in capital contribution.
In July last year, the Jiaojiang District Court also accepted Warburg Trust's application for compulsory liquidation of Jingfu Kazuki Watanabe musician (Taizhou) Asset Management Center (Limited Partnership) and made a ruling.
The above two asset management companies are two M&A funds jointly established by Hengkang Medical and Jingfu Assets at the end of 20 16 and the beginning of 20 17 respectively. The funders and structural designs of the two funds are exactly the same. Jingfu Assets is GP, Minsheng Trust is intermediate LP, Huabao Trust is priority LP, and Hengkang Medical Group is inferior limited partner. The investment scope is also the equity of domestic and foreign medical service institutions such as general hospitals, specialized hospitals and medical examinations, and the withdrawal period is 36 months.