Gelonghui October 27?Purple Yuan (08223.HK) announcement,On 27 October 2023, the Company (the "Purchaser") entered into a Memorandum of understanding with Hu Yang and Shenzhen de Carpenter Investment Co., Ltd. (the "seller").
According to the MOU, the buyer intends to purchase and the seller intends to sell the shares of Guangdong Decheng Medical products Co., Ltd. (the "Target Company").
The target company is a limited company established in China, established in 2017, committed to the research and development, manufacture and sales of medical physiotherapy equipment. The founding team of the target company comes from well-known companies in the industry, has many years of work experience in the medical device industry, and works together to promote the healthy development of the target company. Target company's medical physiotherapy equipment is composed of sound, light, electricity, magnetism, cold / heat, mechanics and other physical factors, including shock wave therapy apparatus, air wave therapy apparatus, electrical stimulation system and so on. The main customers of medical physiotherapy equipment are medical institutions and medical institutions, and their applications include medical beauty, orthopaedics, rehabilitation, traditional Chinese medicine, pain, sports, pension and so on.
The company is registered in the Cayman Islands to establish Investment Holdings Limited. The Company and its subsidiaries (collectively referred to as the "Group") are mainly engaged in the provision of financial leasing services for medical devices and equipment, industrial services for mothers and infants, and trade in medical devices and consumables in China. The Directors believe that the possible acquisition, once implemented, will bring synergy to the Group's existing business. By integrating the resources, channels and market advantages of the target company and the Group, the Group will further develop the trading business of medical devices and consumables to enhance its competitiveness and market position in this field.