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