The network of medical clinics “Mother and Child” moves from Cyprus to Russia; the shareholders of the company that manages the network approved the redomiciliation; this will take place within four to nine months. The company’s shares soared 10% on the news.
The company that manages the network of medical clinics “Mother and Child” will change its registration from Cypriot to Russian. Shareholders approved this decision, according to the MD Medical Group website.
The company will be registered in a special territory of the Kaliningrad region and will change its name to MD Medical Group Investments JSC. The redomiciliation will take place within a period of four to nine months from the date of the decision on it. The process still needs to be approved by regulators.
The company clarified that it will keep the list of receipts and global receipts on the Moscow Stock Exchange. After the news of the transfer of the company to Russia, its shares on the Moscow Stock Exchange rose more than 10%.
Author:
Kirill Bilyk
Source: RB
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