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Visionary Holdings (NASDAQ:GV) shares surged 35.8% after hours to $0.28 Wednesday after the Toronto-based company announced a US$20 million investment cooperation agreement with Qingdao Xihai Rongke on Tuesday for an anti-aging project in China.
Qingdao Xihai Rongke serves as both a strategic partner and an investor in the proposed anti-aging and healthcare project.
Phased Funding Structure And Profitability Target
Under the agreement, the parties will set up a project company to launch a “GV China Anti-Aging Research Center” and a chain of “GV Anti-Aging Health Management Centers,” with initial operations focused on the Shandong market.
Visionary Holdings said the $20 million will be disbursed in milestone-based installments of 30%, 40% and 30%, with an additional …
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