Shineco to acquire 80% of Meitong Technology for $20 million

Shineco Inc. entered into an Investment Letter of Intent on June 18, 2024, to invest $20 million in Beijing Oriental Meitong Technology Co., Ltd. in exchange for 80% of Meitong Technology's shares. Meitong Technology is a durable medical equipment company.

“Shineco intends to invest $20 million in Meitong Technology in exchange for 80% of Meitong Technology’s shares.”globenewswire.com

• 1 source
• globenewswire.comShineco Enters into a Letter of Intent with MeitongShineco, Inc.Jun 20, 2024

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