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SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2016

Subsequent Events [Abstract]

Subsequent Events

32. SUBSEQUENT EVENTS

 

In February 2017, the Group entered into a framework strategic cooperation agreement with Zhongrong International Trust Co., Ltd. ("ZR Trust"). Pursuant to the framework agreement, ZR Trust will participate in the third round private offering of MHM in 2017 and subscribe no less than 15% equity interest in MHM. Furthermore, ZR Trust and the Group formed an onshore fund (note 7) with a total investment of RMB1,003,000 in which the Company’s equity interest in the onshore fund is 25.598%. The onshore fund granted RMB300,000 of loan to GZ Proton in February 2017. The onshore fund will also invest in several newly established hospitals in the PRC, including 43.4% equity interest of BPMC.

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The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.

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