Xinwei Medical-B (06609) announced that on December 11, 2023 (after the trading period), the company signed a share transfer agreement with buyers Xing Tingyu, Li Meng, Shenji employee shareholding platform and Value Magnet Limited. Based on this, the company conditionally agreed to sell all of its shares in Shenji Medical to the buyer at a total cost of RMB 9 million.
Shenji Medical is a limited company incorporated in China and a wholly-owned subsidiary of the company. The company mainly focuses on medical device development that relies on computer-aided technology. Shenji Medical was founded by the company and led by Li Meng and Xing Tingyu (each as a buyer). After the handover, the company will no longer have any interest in Shenji Medical, and the company will no longer be a subsidiary of the company.