Shineco acquires 75% stake in FuWang Company for ~$8.8 million and stock

Shineco Life Science, a subsidiary of Shineco, has agreed to acquire a 75% equity interest in FuWang Company, a medical device manufacturer, for approximately US$8.8 million in cash, 3.4 million shares of Shineco common stock, and transfer of a 71.42% stake in Dream Partner Limited.

“The Acquisition is Expected to Create Immediate Synergies with the Company’s Existing Medical Device Business.”globenewswire.com

• 1 source
• globenewswire.comShineco Announces Acquisition of Medical Device CompanyShineco, Inc.Mar 25, 2025

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