Shineco to acquire 80% of Dream Partner Ltd, owner of antiviral fabric producer Chongqing Wintus Group

Shineco, Inc. entered into a non-binding framework agreement to acquire 80% equity interests of Dream Partner Limited, which indirectly owns 100% of Chongqing Wintus Group, a producer of antiviral silk fabric materials. The estimated purchase price is approximately $40 million.

“We are excited about the prospect of the potential transaction with Wintus, which we believe is an excellent fit for our current business and complements our R&D achievements in the medical and healthcare fields.”biospace.com

• 1 source
• biospace.comShineco Entered Into Framework Agreement Relating to Acquisition of Antiviral Fabric Producer Chongqing Wintus Group - BioSpaceTristan ManalacJan 17, 2023

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