Huami to acquire 29.99% stake in Jiangsu Yitong High-Tech for RMB959.68 million

Huami Corp. entered into an agreement to acquire 29.99% of the outstanding shares of Jiangsu Yitong Hi-Tech Co., Ltd. for RMB959.68 million (US$147.08 million) in cash, to expand its healthcare ecosystem in China.

“Huami Corp. today announced that it has entered into an agreement to acquired 29.99% of the outstanding shares of Jiangsu Yitong Hi-Tech Co., Ltd.”prnewswire.com

• 1 source
• prnewswire.comHuami Enters in Definitive Agreement to Acquire a Minority Stake in Jiangsu Yitong High-Tech Co., Ltd. to expand the healthcare ecosystem for Chinese marketHuami CorporationJan 5, 2021

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