Beijing Chunlizhengda Medical Instruments Co., Ltd (HKG: 1858, SHA: 688236) is poised to acquire a 60.25% stake in Surgimaster Surgical Co., Ltd, a medical power tool products provider based in Suzhou. The transaction, valued at RMB 11 million (USD 1.6 million), is accompanied by an additional RMB 6.5 million (USD 947,521) investment. Upon completion of these transactions, Chunlizhengda will hold a 70% stake in Surgimaster.
Strategic Expansion into Medical-Surgical Power Unit Business
Chunlizhengda, a leading developer of high-value orthopedics consumables in China, anticipates that this acquisition will enable it to make significant inroads into the medical-surgical power unit business. The move is expected to enhance Chunlizhengda’s product portfolio and market presence, leveraging Surgimaster’s expertise in medical power tool products.-Fineline Info & Tech
