Shanghai Runda Medical Technology Co., Ltd. cancelled the acquisition of an additional 12% stake in Hangzhou Yidan Biotechnology Co., Ltd and 15% stake in Shanghai Ruimei Computer Technology Co., Ltd from Shanghai Runda Shenghu Investment Management Center (Limited Partnership) and Shanghai Runqi Investment Management Center (Limited Partnership).
September 25, 2020
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Shanghai Runda Medical Technology Co., Ltd. (SHSE:603108) entered into an agreement to acquire an additional 12% stake in Hangzhou Yidan Biotechnology Co., Ltd and 15% stake in Shanghai Ruimei Computer Technology Co., Ltd from Shanghai Runda Shenghu Investment Management Center (Limited Partnership) and Shanghai Runqi Investment Management Center (Limited Partnership) for approximately CNY 110 million on September 26, 2019. Under the terms, Hangzhou Yidan Biotechnology reported total assets worth CNY 270 million and net assets worth CNY 177 million as of June 2019. Shanghai Ruimei Computer reported total assets worth CNY 96.3 million and net assets worth CNY 78.75 million as of June 2019. The transaction has been approved at the 34th meeting of the third Directorate of Shanghai Runda on September 26, 2019. As of October 25, 2019, Hangzhou Yidan Biotechnology Co., Ltd has completed the registration modification procedures and obtained the business license issued by the Market Supervision Administration of Xihu District Hangzhou. Accordingly, Shanghai Runda Medical Technology Co., Ltd. completed the acquisition of additional 12% stake in Hangzhou Yidan Biotechnology Co., Ltd for CNY 75.84 million and post completion it hold 57% stake in Hangzhou Yidan Biotechnology Co., Ltd.
Shanghai Runda Medical Technology Co., Ltd. (SHSE:603108) cancelled the acquisition of an additional 12% stake in Hangzhou Yidan Biotechnology Co., Ltd and 15% stake in Shanghai Ruimei Computer Technology Co., Ltd from Shanghai Runda Shenghu Investment Management Center (Limited Partnership) and Shanghai Runqi Investment Management Center (Limited Partnership) on September 26, 2020.
Shanghai Runda Medical Technology Co., Ltd. is a China-based company, principally engaged in the provision of in-vitro diagnostic devices and professional technique support services for all kinds of medical laboratories. The Company's integrated services include product portfolio options, professional and technical application services, informatization management of logistics warehousing distribution systems and all-round technical support. The Company also provides sales support and customer channel management, among others. The company mainly conducts its businesses within domestic market.
Shanghai Runda Medical Technology Co., Ltd. cancelled the acquisition of an additional 12% stake in Hangzhou Yidan Biotechnology Co., Ltd and 15% stake in Shanghai Ruimei Computer Technology Co., Ltd from Shanghai Runda Shenghu Investment Management Center (Limited Partnership) and Shanghai Runqi Investment Management Center (Limited Partnership).