Glory Medical signs $18-mln construction contract with Jiangxi hospital
Shanghai. May 4. INTERFAX-CHINA - Shenzhen Glory Medical Co. Ltd. announced May 4 it has signed a contract worth RMB 120 million ($18.47 million) to build an inpatient wing for Jiangxi Shangrao Municipal Hospital.
The deal includes the interior design and medical equipment for the Grade II, Class A general hospital in Jiangxi Province's Shangrao City, the announcement said. Construction is expected to take 18 months.
Based in Shenzhen City, Guangdong Province, Glory Medical is an integrated hospital construction and equipment provider. It launched an initial public offering (IPO) on the Shenzhen Stock Exchange in February.
The firm generated operating revenue of RMB 270 million ($41.55 million) and net profit of RMB 46 million ($7.08 million) in 2010, up 29 percent and 16 percent year-on-year, respectively.
- MS