Shanghai Kindly Medical Instruments Co., Ltd. Class H (HK:1501) has released an update.
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Shanghai INT Medical Instruments Co., Ltd. has announced its plan to acquire a controlling stake of at least 51% in Hangzhou Weiqiang Medical Technology Co., Ltd. through a capital injection and equity purchase. This strategic move, pending a formal acquisition agreement, aims to expand their footprint in the medical instruments sector by making the target company a non-wholly owned subsidiary.
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