Suzhou Kangli Orthopaedics Instrument Co., Ltd. entered into share purchase agreement to acquire 87.3% stake in Suzhou Gemmed Medical Instrument Co., Ltd from Shenzhen Glory Medical Co., Ltd. and Zhangjiagang Jinzhou Medical Apparatus Manufacture Co., Ltd. for approximately CNY 180 million.
December 11, 2020
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Suzhou Kangli Orthopaedics Instrument Co., Ltd. entered into share purchase agreement to acquire 87.3% stake in Suzhou Gemmed Medical Instrument Co., Ltd from Shenzhen Glory Medical Co., Ltd. (SZSE:002551) and Zhangjiagang Jinzhou Medical Apparatus Manufacture Co., Ltd. for approximately CNY 180 million for December 11, 2020. Under the terms of consideration, Suzhou Gemmed Medical Instrument Co., Ltd issue an additional 19.2% of its shares to Shenzhen Glory Medical and Zhangjiagang Jinzhou Medical Apparatus Manufacture.
Shenzhen Glory Medical Co., Ltd. is a China-based company principally engaged in the provision of modern hospital construction overall solutions. The Company operates its businesses through three segments. The Overall Construction segment is mainly engaged in construction engineering, medical professional engineering, equipment configuration and software development, as well as the provision of design services. The Medical Equipment segment is engaged in the provision of medical facilities and medical supplies. The Hospital Logistics Management Services segment is engaged in the provision of hospital logistics management services. The Hospital Investment Management segment is engaged in the investment, construction and management of hospitals. The Company conducts its businesses within domestic and overseas markets.
Suzhou Kangli Orthopaedics Instrument Co., Ltd. entered into share purchase agreement to acquire 87.3% stake in Suzhou Gemmed Medical Instrument Co., Ltd from Shenzhen Glory Medical Co., Ltd. and Zhangjiagang Jinzhou Medical Apparatus Manufacture Co., Ltd. for approximately CNY 180 million.