United Imaging Healthcare (UIH, SHA: 688271), a leading medical device company in China, has announced that its board of directors has approved a capital investment of RMB 120 million (USD 16.6 million) into Long Beam Technology, a domestic firm specializing in advanced medical technologies. Upon completion of the transaction, UIH is set to acquire a 10% equity stake in Long Beam Tech.
Established in 2017, Long Beam Technology is dedicated to the research, development, manufacturing, and sales of particle accelerators and related accessories. The company also provides a range of services, including manufacturing project construction, technology consulting, transfer, and development for radioactive sources, radiopharmaceuticals, and industrial tracers. In January 2022, Long Beam Tech secured a funding round of RMB 134 million, which valued the company at RMB 584 million (USD 81 million) at that time.- Flcube.com
