Demant A/S (CPSE:DEMANT) acquired remaining 80% interest in ShengWang on June 14, 2022. Demant will pay CNY 1,750 million on a cash- and debt-free basis for 100% ownership of which RMB 1,450 million will have cash flow effect in H2 2022, and the remaining RMB 300 million will be payable over the coming three years. The acquisition will be financed through existing cash reserves and already established credit facilities.

Demant A/S (CPSE:DEMANT) completed the acquisition of remaining 80% interest in ShengWang on June 14, 2022.