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Article: Best Medical Treatment Group Acquires Wonderwide Consultants Ltd.
- Article from:
- Business Wire
- Article date:
- March 19, 1998
CopyrightCOPYRIGHT 1998 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DANA POINT, Calif.--(BUSINESS WIRE)--March 17, 1998--Best Medical Treatment Group Inc. (Nasdaq OTC: BMTM) Tuesday announced that it has completed the acquisition of Wonderwide Consultants Limited (BVI).
Wonderwide is a holding company which owns 99 percent of King Yuen Investment & Development Limited, which is the foreign partner in the sino-foreign cooperative joint venture known as the Qin Dynasty Hotel (Xian) Limited. Additional terms of the transaction require the former Wonderwide shareholder to transfer to Wonderwide the 60 percent foreign interest in the City Hotel (Xian) Co. Limited, a sino-foreign equity joint venture.
This transfer ...