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Shanghai Bio-Heart Announces Major Equity Transaction

Shanghai Bio-Heart Announces Major Equity Transaction

Shanghai Bio-Heart Biological Technology Co., Ltd. Class H (HK:2185) has released an update.

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Shanghai Bio-Heart Biological Technology Co., Ltd. announced a major transaction involving a capital injection of RMB155.6 million into its subsidiary, Zhejiang Bioheart, by an investor, reducing the company’s stake from 100% to 54.6792%. This transaction, subject to shareholder approval, could significantly impact the company’s structure and financial standing. Additionally, proposed amendments to the company’s Articles of Association aim to refine its business scope and operational regulations.

For further insights into HK:2185 stock, check out TipRanks’ Stock Analysis page.

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