Suzhou New District Hi-Tech Industrial Co.,Ltd agreed to acquire 30.90% stake in Suzhou Medical Device Industry Development Co., Ltd. from Suzhou SND Technology Industry Development Co., Ltd. for CNY 242.7 million
July 20, 2022
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Suzhou New District Hi-Tech Industrial Co.,Ltd (SHSE:600736) agreed to acquire 30.90% stake in Suzhou Medical Device Industry Development Co., Ltd. from Suzhou SND Technology Industry Development Co., Ltd. for CNY 242.7 million on July 21, 2022. The transaction was approved by board of directors of Suzhou New District Hi-Tech Industrial and the transaction is subject to approval from shareholders of Suzhou New District Hi-Tech Industrial and transaction is subject to approval from State-owned Assets Supervision and Administration. As of August 5, 2022 Suzhou New District Hi-Tech Industrial Co.,Ltd shareholder approved the deal. Suzhou Medical Device Industry Development recorded total assets of CNY 2.74 billion and net assets of 762.5 million
SUZHOU NEW DISTRICT HI-TECH INDUSTRIAL CO., LTD is a China-based company, principally engaged in property development, operations and sales businesses. Its products include residential, commercial, office and other buildings. The Company is also engaged in property leasing, amusement park operation, industrial wastewater treatment, industrial goods sales, substitute engineering and financial leasing businesses. The Company mainly operates its businesses in Suzhou, Yangzhou and Xuzhou, Jiangsu province, China.
Suzhou New District Hi-Tech Industrial Co.,Ltd agreed to acquire 30.90% stake in Suzhou Medical Device Industry Development Co., Ltd. from Suzhou SND Technology Industry Development Co., Ltd. for CNY 242.7 million