(TheNewswire)
Toronto, Ontario – TheNewswire - October 5th, 2022 - Imaging Dynamics Company Ltd. ("IDC" or the "Company") (TSXV:IDL) announces thatit has been informed that a private share transaction between ShuaiWang and New Journey Hospital Group Ltd. has been completed on orabout March 14, 2022 whereby New Journey Hospital Group Ltd. hasacquired from Shuai Wang 4,222,668 shares in the capital of theCompany (the "Private Transaction") at a transaction priceof $1.00/ share. Pursuant to the Private Transaction, New JourneyHospital Group Ltd. now holds approximately 40.86% of the issued andoutstanding shares of the Company.
The Company is not party to the Private Transaction, no new shares ofthe Company have been issued in connection therewith and no change ofmanagement or directors has occurred in connection therewith.
We believe IDC has a bright future ahead. Most of our attention willfocus on introducing new products and providing better service to ourcustomer.
About Imaging Dynamics Company (IDC):
IDC is a global medical imaging technology provider and innovativeforce in the high technology growth field of digital radiography (DR).Digital Radiography is a form of X-ray imaging which replacesconventional film-based diagnostic imaging and provides acost-effective solution for medical facilities of all sizes to providehigh quality diagnostic X-ray images with the use of Flat Paneldetectors to enhance the digital image quality and improve the levelof healthcare for their patients.
Visit the IDC web site: www.imagingdynamics.com
For more information, please contact:
Mr. Xiaoyi Yan
Chief Financial Officer 1.866.975.6737 Toll Free
Statements in this release which describe IDC'sintentions, expectations or predictions, or which relate to mattersthat are not historical facts are forward-looking statements. Theseforward-looking statements involve known and unknown risks anduncertainties which may cause the actual results, performances orachievements of IDC to be materially different from any futureresults, performances or achievements expressed in or implied by such forward- looking statements. IDC may update or revise any forward-looking statements, whether as a result of new information, future events orchanging market and business conditions. Known and unknown risks anduncertainties include: IDC's ability to manufacture its products with a sufficient level of quality and in volumes which satisfy market demand;
IDC – Your Global Medical Imaging Technology Provider
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the ability of IDC to establish direct and indirect sales channels; the ability of IDC to establish industry partnerships;IDC's ability to attract and retain key personnel; the strength and breadth of IDC's patents; and other factors relating to general economicconditions, specific industry conditions and IDC's particularsituation.
Neither TSXV nor its RegulationServices Provider (as that term is defined in the policies of theTSXV) accepts responsibility for the adequacy or accuracy of thisrelease .
IDC – Your Global Medical Imaging Technology Provider
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