Shanghai Kindly Medical Instruments Co., Ltd. completed the acquisition of additional 20% stake in Shanghai Pukon Medical Instruments Co., Ltd. from Jiang Xiannan.
May 26, 2022
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Shanghai Kindly Medical Instruments Co., Ltd. (SEHK:1501) signed an agreement to acquire additional 20% stake in Shanghai Pukon Medical Instruments Co., Ltd. from Jiang Xiannan for CNY 38.7 million on May 6, 2021. Post completion, Shanghai Kindly Medical Instruments stake in Shanghai Pukon will increase from 65% to 85%. For the year ending March 31, 2021, total asset and net asset of Shanghai Pukon was CNY 64 million and CNY 39.4 million respectively. The transaction was approved by the Board of Shanghai Kindly Medical Instruments at fourteenth meeting of the fourth Board of Directors on May 6, 2021.
Shanghai Kindly Medical Instruments Co., Ltd. (SEHK:1501) completed the acquisition of additional 20% stake in Shanghai Pukon Medical Instruments Co., Ltd. from Jiang Xiannan on May 27, 2021.
Shanghai INT Medical Instruments Co Ltd, formerly Shanghai Kindly Medical Instruments Co Ltd, is a China-based company principally engaged in the research, development, production and sales of intracardiac interventional devices. The Company operates its businesses through two segments. The Intracardiac Interventional Business segment is mainly engaged in the sales, manufacturing and research and development of intracardiac interventional medical devices and related molds, standard parts and masks. The Other segment is engaged in the research and development of other interventional medical devices, such as neurointerventional medical devices and heart valve implantable medical devices. The Company mainly operates its businesses in the domestic market and overseas markets.
Shanghai Kindly Medical Instruments Co., Ltd. completed the acquisition of additional 20% stake in Shanghai Pukon Medical Instruments Co., Ltd. from Jiang Xiannan.