# Genesis Medtech acquires 80% stake in Jiangsu Ni Ke Medical Device for CNY 520 million

Genesis Medtech Investment (HK) Limited entered into an equity transfer agreement to acquire an 80% stake in Jiangsu Ni Ke Medical Device Co., Ltd. from Livzon Pharmaceutical Group and other shareholders for approximately CNY 520 million on May 23, 2020.

- Type: Acquisition
- Announced: 2020-05-23
- Where: China
- Value: $73.0M (520.0M CNY)
- Status: announced
- Products: medical devices
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Genesis Medtech Investment (HK) Limited](https://endata.com/companies/47444.md) (acquirer)
- [Jiangsu Ni Ke Medical Device Co., Ltd.](https://endata.com/companies/47445.md) (target)
- [Livzon Pharmaceutical Group](https://endata.com/companies/47446.md) (partner)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/LIVZON-PHARMACEUTICAL-GRO-13491325/news/Genesis-Medtech-Investment-HK-Limited-entered-into-an-equity-transfer-agreement-to-acquire-80-sta-33855398/), 2020-05-25: "Genesis Medtech Investment (HK) Limited entered into an equity transfer agreement to acquire 80% stake in Jiangsu Ni Ke Medical Device Co., Ltd. from Livzon Pharmaceutical Group Inc. for approximately CNY 520 million."

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