trending Market Intelligence /marketintelligence/en/news-insights/trending/4bxzm0EdnFHYmGK7NSg6zA2 content esgSubNav
In This List

China Biologic to acquire 80% stake in PW Medtech unit

Video

S&P Capital IQ Pro | Powering Your Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Blog

Enterprises are missing out on 24B by not optimizing cloud spending not going multicloud

Blog

Investment Research Analysts Providing Greater Coverage on Inflation


China Biologic to acquire 80% stake in PW Medtech unit

China Biologic Products Holdings Inc. said it will acquire PW Medtech Group Ltd.'s 80% equity interest in Tianxinfu (Beijing) Medical Appliance Co. Ltd.

China Biologic will issue 5,521,000 ordinary shares to PW Medtech in return for the equity in Tianxinfu. As a result, PWM will end up owning a 16.66% share in China Biologic.

The transaction is expected to close this year.

PW Medtech recently sold a 20% stake in Tianxinfu to Xinyu Yongshuo Management and Consulting LLP and was considering a spinoff and separate listing of the entity on the Shenzhen or Shanghai stock exchanges.