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Austar Lifesciences Completes Buy of Nanjing Bojian's Technology, Ancillary Business; Shares Rise 3%

MT Newswires ·  {{timeTz}}

02:37 AM EST, 03/02/2022 (MT Newswires) -- Austar Lifesciences (HKG:6118) completed the purchase of the technology and ancillary business of liquid filling line manufacturer Nanjing Bojian Technology for an undisclosed sum, according to a late Tuesday filing.

The acquisition involves intangible assets like software copyright, technology of products, such as washing machine, sterilizing tunnel, filling line and cap machine, as well as relevant staff.

The pharmaceutical equipment manufacturer said the deal will upgrade its technology for customized sterile filling services for liquid and powder, as well as its sterile packaging system for lyophilized powder.

Shares jumped nearly 3% recently.

Price (HKD): $2.73, Change: $+0.07, Percent Change: +2.63%

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