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BOQI International Medical Inc (BIMI.OQ)

BIMI.OQ on NASDAQ Stock Exchange Capital Market

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7 Aug 2020
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Latest Key Developments (Source: Significant Developments)

Boqi International Medical Believes Factors Raise Substantial Doubt About Co's Ability To Continue As Going Concern
Tuesday, 30 Jun 2020 

June 29 (Reuters) - BOQI International Medical Inc ::BOQI INTERNATIONAL MEDICAL ANNOUNCES FIRST QUARTER 2020 FINANCIAL RESULTS.BOQI INTERNATIONAL MEDICAL- DUE TO CHINESE GOVERNMENT'S LOCKDOWN ORDER, CUSTOMER TRAFFIC DROPPED GREATLY.BOQI INTERNATIONAL MEDICAL - BELIEVES FACTORS RAISE SUBSTANTIAL DOUBT ABOUT CO'S ABILITY TO CONTINUE AS A GOING CONCERN FOR NEXT 12 MONTHS.BOQI INTERNATIONAL MEDICAL - CONTINUES TO GENERATE OPERATING LOSSES AND HAS LIMITED CASH FLOW FROM ITS CONTINUING OPERATIONS.BOQI INTERNATIONAL MEDICAL- EXPECT TO CONTINUE TO INCUR ADDITIONAL COSTS, WHICH MAY BE SIGNIFICANT.BOQI INTERNATIONAL MEDICAL - COVID-19 CAUSED SUPPLY CHAIN DISRUPTION WHICH RESULTED IN HIGHER SUPPLY CHAIN COSTS.BOQI INTERNATIONAL MEDICAL - EXPERIENCED RESTRICTED STOCK AVAILABILITY IN NUMBER OF KEY CATEGORIES.BOQI INTERNATIONAL MEDICAL- MAY FACE DELAYS OR DIFFICULTY SOURCING CERTAIN PRODUCTS WHICH COULD NEGATIVELY IMPACT CO.BOQI INTERNATIONAL MEDICAL - CERTAIN POPULAR AND HIGH PROFIT MARGIN PRODUCTS COULD NOT BE SOLD.BOQI INTERNATIONAL MEDICAL - AT MARCH 31, CO HAD CASH OF $175,865, NEGATIVE WORKING CAPITAL OF $6,008,248.BOQI INTERNATIONAL MEDICAL - CONTINUES TO GENERATE OPERATING LOSSES, HAS LIMITED CASH FLOW FROM CONTINUING OPERATIONS.  Full Article

BOQI International Medical Enters Into MoU To Buy Chongqing Shanfeng Zhiyuan Biotechnology
Tuesday, 19 May 2020 

May 18 (Reuters) - BOQI International Medical Inc ::BOQI INTERNATIONAL MEDICAL ENTERS INTO MOU TO ACQUIRE CHONGQING SHANFENG ZHIYUAN BIOTECHNOLOGY.BOQI INTERNATIONAL MEDICAL - PURCHASE PRICE EXPECTED TO BE CALCULATED BASED ON APPRAISAL OF FAIR MARKET VALUE OF ACQUIRED CO BY A THIRD PARTY.BOQI INTERNATIONAL MEDICAL INC -DEFINITIVE AGREEMENT FOR CHONGQING SHANFENG ZHIYUAN ACQUISITION IS EXPECTED TO BE ENTERED INTO WITHIN NEXT 1-2 MONTHS.BOQI INTERNATIONAL MEDICAL INC - CHONGQING SHANFENG ZHIYUAN BIOTECHNOLOGY AGREEMENT WILL BE SUBJECT TO STANDARD CLOSING CONDITIONS AND APPROVALS.  Full Article

BOQI International Says Losses Incurred In FY 2019 Raises Substantial Doubt About Co's Ability To Continue As Going Concern
Friday, 15 May 2020 

May 15 (Reuters) - BOQI International Medical Inc ::BOQI INTERNATIONAL MEDICAL ANNOUNCES FISCAL YEAR 2019 FINANCIAL RESULTS.BOQI INTERNATIONAL - LOSSES INCURRED IN FY 2019 & ITS ACCUMULATED DEFICIT RAISES SUBSTANTIAL DOUBT ABOUT CO'S ABILITY TO CONTINUE AS GOING CONCERN.BOQI INTERNATIONAL - WHILE CO IS EXPLORING ALTERNATIVES, THERE CAN BE NO ASSURANCE THAT ADDITIONAL FINANCING WILL BE AVAILABLE ON SATISFACTORY TERMS.BOQI INTERNATIONAL - IF CO IS UNABLE TO SECURE NEEDED FINANCING, MANAGEMENT MAY TAKE ACTIONS, INCLUDING REDUCING ITS ANTICIPATED LEVEL OF EXPENDITURES.  Full Article

Boqi International Medical Amends Deal Terms Of Boqi Zhengji Pharmacy Chain
Friday, 7 Feb 2020 

Feb 7 (Reuters) - BOQI International Medical Inc ::BOQI INTERNATIONAL MEDICAL AMENDS TERMS FOR ACQUISITION OF BOQI ZHENGJI PHARMACY CHAIN.UNDER AMENDMENT, TARGET CASH CONSIDERATION SHALL BE ADJUSTED ACCORDING TO PERFORMANCE OF BOQI PHARMACY IN 2020.  Full Article

Boqi International Medical Enters Into Material Definitive Agreement To Acquire Chongqing Guanzan Technology
Monday, 3 Feb 2020 

Feb 3 (Reuters) - BOQI International Medical Inc ::BOQI INTERNATIONAL MEDICAL ENTERS INTO MATERIAL DEFINITIVE AGREEMENT TO ACQUIRE CHONGQING GUANZAN TECHNOLOGY.BOQI INTERNATIONAL MEDICAL INC - AGGREGATE PURCHASE PRICE FOR SHARES IS RMB 100 MILLION.BOQI INTERNATIONAL MEDICAL INC - DEAL ALSO HAS A CASH CONSIDERATION OF RMB 800 MILLION.  Full Article

NF Energy Saving Corporation Announces Company Name Change To Boqi International Medical Inc.
Friday, 20 Dec 2019 

Dec 20 (Reuters) - NF Energy Saving Corp ::NF ENERGY SAVING CORPORATION ANNOUNCES COMPANY NAME CHANGE TO BOQI INTERNATIONAL MEDICAL INC..NF ENERGY SAVING CORP - ORDINARY SHARES WILL CONTINUE TO TRADE UNDER SYMBOL "BIMI".  Full Article

Nf Energy Saving Corp Enters Into MoU To Acquire Chongqing Guanzan Technology
Monday, 2 Dec 2019 

Dec 2 (Reuters) - NF Energy Saving Corp ::NF ENERGY SAVING CORPORATION ENTERS INTO MOU TO ACQUIRE CHONGQING GUANZAN TECHNOLOGY.NF ENERGY SAVING CORP - AGREEMENT IS EXPECTED TO SET FORTH A PURCHASE PRICE OF APPROXIMATELY RMB 100 MILLION FOR ALL OF SHARES OF CHONGQING GUANZAN.NF ENERGY SAVING - CHONGQING GUANZAN TO ACQUIRE 80% CONTROLLING INTEREST IN ITS CURRENT AFFILIATE UNDER COMMON CONTROL, SHUDE PHARMACEUTICAL.  Full Article

NF Energy Saving Corp Announces Shareholders' Approval Of Name Change To BOQI International Medical
Saturday, 16 Nov 2019 

Nov 15 (Reuters) - NF Energy Saving Corp ::NF ENERGY SAVING CORPORATION ANNOUNCES SHAREHOLDERS' APPROVAL OF NAME CHANGE TO BOQI INTERNATIONAL MEDICAL INC. AND VOTING RESULTS FROM 2019 ANNUAL MEETING OF SHAREHOLDERS.  Full Article

Nf Energy Saving Corporation QTRLY LOSS PER SHARE BASIC & DILUTED $0.07
Friday, 15 Nov 2019 

Nov 15 (Reuters) - NF Energy Saving Corp ::ANNOUNCES THIRD QUARTER 2019 FINANCIAL RESULTS.Q3 REVENUE $208,400.QTRLY LOSS PER SHARE BASIC & DILUTED $0.07.AS OF SEPT. 30, HAD $65,354 IN CASH AND CASH EQUIVALENTS.NEW ACQUISITION OF BOQI ZHENGJI PHARMACY WAS NOT REFLECTED IN CURRENT REPORT.NF ENERGY SAVING - DECREASE IN REVENUE FOR QUARTER IS MAINLY DUE TO DECLINE IN DEMAND FOR CO'S PRODUCTS, SERVICES DUE TO CHANGES IN OVERALL MARKET.  Full Article

NF Energy Saving Corp Signs Agreement With Chongqing Shude Pharmaceutical
Monday, 21 Oct 2019 

Oct 21 (Reuters) - NF Energy Saving Corp ::NF ENERGY SAVING CORPORATION SIGNS STRATEGIC PARTNERSHIP AGREEMENT WITH CHONGQING SHUDE PHARMACEUTICAL CO., LTD..NF ENERGY SAVING CORP - BOQI ZHENGJI PHARMACY & CHONGQING SHUDE ESTABLISH A STRATEGIC PARTNERSHIP FOCUSED ON BUILDING A JOINT MEMBERSHIP SYSTEM.NF ENERGY SAVING CORP - CHONGQING SHUDE AGREES TO USE ITS DISTRIBUTION CHANNELS IN SOUTHWEST CHINA TO PROMOTE JOINT MEMBERSHIP CARDS.  Full Article