Peijia Medical Subsidiary Sells Stake in Major Merger

Peijia Medical Ltd. (HK:9996) has released an update.

Peijia Medical Limited’s subsidiary, Marvel Finder Limited, is set to divest its 1.91% minority stake in JenaValve as Edwards Lifesciences acquires the company in a merger valued at an initial US$500 million, with potential additional payments of up to US$445 million. The deal, which falls into the category of a discloseable transaction, will result in Peijia Medical no longer holding equity in JenaValve post-merger.

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