Shanghai Kindly Medical Instruments Co., Ltd. Class H (HK:1501) has released an update.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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.