# Yuyue Medical to acquire 50.99% stake in Kailite Medical

Yuyue Medical (002223.SZ) announced it will acquire a 50.993% stake in Zhejiang Kailite Medical Devices Co., Ltd. from seven shareholders for RMB 366 million, plus assuming a RMB 42 million capital contribution obligation. Kailite develops continuous glucose monitoring systems.

- Type: Acquisition
- Announced: 2021-05-10
- Where: China
- Value: $57.0M (366.0M CNY)
- Status: announced
- Products: continuous glucose monitoring systems, blood gas and electrolyte analyzers, POCT products
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Yuyue Medical](https://endata.com/companies/55000.md) (acquirer)
- [Zhejiang Kailite Medical Devices](https://endata.com/companies/55001.md) (target)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/471223.html), 2021-05-10: "本次收购完成后，标的公司的连续血糖监测业务可依托上市公司规模化、智能化、精益化的生产能力，共享上市公司BGM销售资源、软件开发资源及用户运营能力，实现研发、生产、销售及用户服务等多方面的协同，实现双方强强联合，完成鱼跃医疗在糖尿病赛道的完整业务布局"

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