SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Biotech / Medical : CYBR CyberCare the new look of healthcare
CYBR 437.92-1.1%Jan 23 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: sommovigo who wrote (2318)6/22/2000 9:22:00 AM
From: StockDung  Read Replies (1) of 3392
 
Can thinks possibly get worse than this?->Shanghai Industrial May Not Buy 3% Cyber-Care Stake, HKET Says


Hong Kong, June 22 (Bloomberg) -- Shanghai Industrial Holdings Ltd. may halt plans to buy 3 percent of Cyber-Care Inc., a U.S. company that licenses Internet health-care technology, as Cyber-Care's share price has fallen more than 70 percent since the companies signed a purchase agreement in February, Hong Kong Economic Times reported, citing Shanghai Industrial's spokesman. Still, it won't affect cooperation between Cyber-Care and SIIC Medical Science and Technology (Group) Ltd., the pharmaceutical arm of Shanghai Industrial, as SIIC can help Cyber-Care tap the China market, the paper said. The original agreement called for Shanghai Industrial to use cash and shares to buy 1.5 million new shares in Cyber-Care for HK$190 million ($24.5 million).

The Shanghai city government's investment arm said yesterday it agreed with Cyber-Care that either company could terminate the agreement without penalty.

(Hong Kong Economic Times 06/22, A4)

Jun/21/2000 21:37 ET

For more stories from Bloomberg News, click here.

(C) Copyright 2000 Bloomberg L.P.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News