Mingyuan Medicare Development (00233.HK) announced that, on 19 December 2011, it agreed to sell to Jiang Yi 51% interest in Shanghai Weiyi Hospital Investment & Management Co., Ltd (Weiyi) for a cash consideration of RMB65 million. Mingyuan Medicare expects to realize HK$1.815 million net gain before tax from the disposal.

Weiyi holds 100% interest in Shanghai Heng Shan Woman and Child Healthcare Hospital in Hongkou District, Shanghai. After completion, Weiyi will cease to be a subsidiary of Mingyuan Medicare