Shanghai Kindly Medical Instruments Co., Ltd. Class H (HK:1501) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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.
For further insights into HK:1501 stock, check out TipRanks’ Stock Analysis page.