# China Biologic agrees to acquire 80% of TianXinFu from PW Medtech

China Biologic Products Holdings agreed to acquire an 80% equity interest in TianXinFu (Beijing) Medical Appliance Co., Ltd. from PW Medtech Group Limited. In exchange, China Biologic will issue 5,521,000 ordinary shares to PWM, which will hold approximately 16.66% of China Biologic's outstanding shares.

- Type: Acquisition
- Announced: 2017-10-12
- Where: China
- Status: announced
- Products: regenerative medical biomaterial products, artificial dura mater, surgical consumable products
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [China Biologic Products Holdings, Inc.](https://endata.com/companies/27744.md) (acquirer)
- [TianXinFu (Beijing) Medical Appliance Co., Ltd.](https://endata.com/companies/27745.md) (target)
- [PW Medtech Group Limited](https://endata.com/companies/27746.md) (partner)

## Sources

- [en.prnasia.com](https://en.prnasia.com/releases/global/China_Biologic_Agrees_to_Acquire_TianXinFu_from_PWM-190796.shtml), 2017-10-12: "We are excited to welcome TianXinFu to the China Biologic family."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.