# INT Medical Instruments to acquire controlling stake in Weiqiang Medical Technology for RMB 230 million

INT Medical Instruments Co., Ltd. announced its intention to acquire at least a 51% stake in Hangzhou Weiqiang Medical Technology Co., Ltd. for a total of RMB 230 million, comprising an initial upfront payment of RMB 30 million and a capital investment of RMB 200 million.

- Type: Acquisition
- Announced: 2024-12-19
- Where: China
- Value: $31.5M (230.0M CNY)
- Status: announced
- Products: medical instruments
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Hangzhou Weiqiang Medical Technology](https://endata.com/companies/81838.md) (target)
- [INT Medical Instruments Co., Ltd.](https://endata.com/companies/81907.md) (acquirer)

## Sources

- [flcube.com](https://flcube.com/int-medical-instruments-to-acquire-controlling-stake-in-weiqiang-medical-technology-for-rmb-230-million/), 2024-12-19: "INT Medical Instruments Co., Ltd. (HKG: 1501) has announced its intention to acquire at least a 51% stake in its Chinese counterpart, Hangzhou Weiqiang Medical Technology Co.,Ltd."

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