# 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.

- Type: Acquisition
- Announced: 2025-03-20
- Where: Hong Kong SAR China
- Value: $8.80M
- Status: announced
- Products: biochemical analyzers, patient monitors, mobile medical imaging workstations
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Shineco](https://endata.com/companies/67925.md) (acquirer)
- [FuWang Company](https://endata.com/companies/83707.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2025/03/25/3048801/0/en/shineco-announces-acquisition-of-medical-device-company.html), 2025-03-25: "The Acquisition is Expected to Create Immediate Synergies with the Company’s Existing Medical Device Business."

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