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Grand Pharma subsidiary to acquire Nanjing Kainite Medical Technology · Endata

◂ Announcements

Medical Devicesworld trade 2024+5.1% 5Y CAGR

Jul 27, 2020ACQUISITIONNanjing, China

Grand Pharma subsidiary to acquire Nanjing Kainite Medical Technology

Grand Pharma's subsidiary agreed to acquire Nanjing Kainite Medical Technology through a series of capital subscriptions and share purchases totaling CNY 29.4 million, with an additional CNY 100 million capital injection into a fund, to build a pan-interventional diagnosis and treatment platform.

Value

$4.20M (29.4M CNY)

Status

Announced

Productsinterventional medical devicesstroke treatment products

CompaniesGrand Pharmaceutical Group Nanjing Kainite Medical Technology target

Sectors#Medical Devices

“待完成股本认购事项及收购事项后，远大医药将会持有目标公司的100%股本权益。”beta.zhitongcaijing.com

1 source
beta.zhitongcaijing.com打造“泛介入诊疗平台” 远大医药(00512)附属拟收购南京凯尼特医疗科技股份Jul 27, 2020

Summarized from public sources; check the original articles before acting on it.

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