Humanwell Healthcare (Group) Co.,Ltd. (SHSE:600079) signed an agreement essential business operations of PAION AG and PAION Deutschland GmbH on December 22, 2023.The proceeds from the sale will go to the insolvency estates of the two companies. PAION AG and PAION GmbH will be wound up as part of the insolvency proceedings; shareholders of PAION AG are not expected to receive any payments. The transaction was approved by the preliminary insolvency administrator of PAION AG and PAION Deutschland GmbH.

Falkensteg and the Mark Boddenberg of Eckert Rechtsanwälte have successfully concluded as part of a bidding process.