# Sinopharm subsidiary and Hitex New Light sign JV for medical endoscopes

Sinopharm's subsidiary China Medical Equipment and Qingdao Hitex New Light signed a memorandum on December 6, 2021, to form a joint venture with a registered capital of CNY 160 million, with Sinopharm holding 51% and Hitex 49%, to develop and sell medical endoscopes.

- Type: Partnership
- Announced: 2021-12-06
- Where: China
- Value: $25.1M (160.0M CNY)
- Status: announced
- Products: medical endoscopes, minimally invasive surgical products
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Sinopharm Group Co. Ltd.](https://endata.com/companies/33043.md) (partner)
- [Hitex New Light](https://endata.com/companies/59527.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/618135.html), 2021-12-08: "国药器械及海泰新光拟以现金出资方式按51:49的比例设立合资公司，合资公司注册资本总额为人民币1.6亿元。"

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