Click (CLIK) said Tuesday it is set to gain full ownership of a nursing care competitor with the acquisition of the remaining 75% equity interest.
Financial details of the deal were not provided.
The target company, which has a talent pool of over 9,000 nursing professionals, is expected to generate net profit of between 2 million Hong Kong dollars ($257,800) and HK$3.5 million, according to Click.
Click said it acquired a 25% equity interest in the target company in March and expects to have total control to integrate operations once the acquisition of the remaining 75% is completed.
Shares of Click were up 19.7% in recent trading.
Price: 0.25, Change: +0.04, Percent Change: +19.68
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