# 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.

- Type: Acquisition
- Announced: 2021-01-05
- Where: China
- Value: $147.1M (959.7M CNY)
- Status: announced
- Products: healthcare ecosystem, diagnostic platforms
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Huami Corp.](https://endata.com/companies/52304.md) (acquirer)
- [Jiangsu Yitong Hi-Tech Co., Ltd.](https://endata.com/companies/52305.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/huami-enters-in-definitive-agreement-to-acquire-a-minority-stake-in-jiangsu-yitong-high-tech-co-ltd-to-expand-the-healthcare-ecosystem-for-chinese-market-301200978.html), 2021-01-05: "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."

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