Kunbo Medical-B (02216) announced that on November 23, 2023, Kunbo Hangzhou (a wholly-owned subsidiary of the company, as the buyer) signed an equity transfer agreement with the seller (Quantum Engineering, Suzhou Patience, Hangzhou Denuo) to acquire 100% of the shares in the target company (Hangzhou Precision Technology Co., Ltd.) at a total cost of RMB 5.4 million.
Target Company is a professional company focusing on the production and processing of medical equipment and software/hardware development. It is committed to building an intelligent manufacturing platform for innovative production, focusing on the development of products, materials and processes, and focusing on the precision processing of core components of medical devices and providing automated solutions for medical devices. The team of the target company has more than 10 years of experience in the design and development of non-standard automation equipment. The target company has experience in the design of the entire intelligent manufacturing line, and a complete R&D and production base.