Shanghai Microport Medbot Co., Ltd. announced that it expects to receive CNY 1.5 billion in funding from Yifang Yida Investment Partnership (Limited Partnership), Yifang Huida Venture Capital Partnership (Limited Partnership), Tianjin Yuanyi Yuanfu Enterprise Management Center, Jiaxing Biolink Hongrun Venture Capital LLP, Tianjin Ronghao Enterprise Management Partnership, Zhuhai Hillhouse Equity Investment Management Co., Ltd.
August 30, 2020
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Shanghai Microport Medbot (Group) Co., Ltd. announced that it has entered into an agreement with investors to receive CNY 1,500,000,000 in an equity round of funding on August 31, 2020. The transaction will include participation from new investors Zhuhai Hillhouse Chongheng Equity Investment Enterprise (Limited Partnership), a fund managed by Zhuhai Hillhouse Equity Investment Management Co., Ltd. for CNY 771,430,000, Tianjin Ronghao Enterprise Management Partnership (LLP) for CNY 342,860,000, Jiaxing Biolink Hongrun Venture Capital LLP for CNY 171,430,000, Tianjin Yuanyi Yuanfu Enterprise Management Center for CNY 137,140,000, Yifang Huida Venture Capital (Guangdong) Partnership (Limited Partnership) for CNY 55,710,000, and Yifang Yida (Guangdong) Investment Partnership (Limited Partnership) for CNY 21,430,000. As a part of the transaction, Zhuhai Gaoling Chongheng Equity Investment Enterprise (Limited Partnership) and Tianjin Ronghao Enterprise Management Partnership (LLP) will appoint one member to the board of the company. The transaction is subject to all necessary approvals, including the approval of shareholders of the company. The transaction is expected to close within 15 business days of the satisfaction or waiver of all the conditions.
Shanghai MicroPort Medical Robot Group Co Ltd is a company engaged in the development of surgical instruments. The Company's main business is the design, development and commercialization of innovative surgical robots. The Company's products include Toumai Laparoscopic Surgical Robot, DFVision 3D Electronic Laparoscope and Honghu Orthopedic Surgical Robot. The Company's surgical robots are used in multiple minimally invasive surgery fields, including endoscopic surgery, orthopedic surgery, pan-vascular surgery, natural cavity surgery and percutaneous puncture surgery. In addition, the Company also provides education and training services for its surgical robot MedBot.