An update on TalkMed investment on Hong Kong Integrated Oncology Centre (HKIOC).
I sent a mail with the below mentioned in blue ,the reason she provided is due to the nature of its business which required high sunk cost .
No time line is given when will the Company investments bear fruits but it may take "some time".
Hi,
As an investor , i will like to know when is the Company expected/targeted breakeven for it's investment in HKIOC?
Could you also please explain what is the major factor that contribute to HKIOC losses to date.
And the reply as follow:
Hong Kong Integrated Oncology Centre (HKIOC) was officially opened in July last year. The centre has been reporting an rising patient visit number, which is accompanied by increased publicity effort. This is an encouraging sign. We also understand that HKIOC has also recently entered into another collaboration which is expected to contribute ...
...
