Cleopatra Hospital Company issues clarification on news claiming a EGP38mn fine for NBH land
Cleopatra Hospital Company (CLHO.CA) clarified in a Bourse statement that it had not received any notice for paying an EGP38mn fine, on the lawsuit for the 1000-metre piece of land Nile Badrawy Hospital is accused of overtaking, contrary to what has been posted in some media outlets last week. The statement further clarified that the dispute on the plot of land, where Nile Badrawi Hospital is established, is currently being handled in the Investors Disputes Settlement Center, as mentioned in the IPO prospectus. (Company disclosure) Cleopatra Hospital Company (CHC): EGP9.69 as of 20 October 2016, Rating: Buy, FV: EGP11.70 per share, MCap: USD175mn, CLHO EY / CLHO.CA
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