The Shanghai Stock Exchange on March 31 announcement that the Jiangsu Science and Technology Development Co., diving tender offer of listed companies, China Resources Wandong Medical Equipment Co., Ltd. formally completed, diving technology has become the largest shareholder of China Resources Wandong stake 51.51% . In the previous month, Yuyue Technology also acquired a 100% stake in Shanghai Medical Devices (Group) Co., Ltd. I learned today that the two companies are the central level, the acquisition is completed, private enterprises in Jiangsu diving technology sit tight in the leading position in the medical device industry, the size of the national medical device industry also rose from third to second place. This is the first time that the domestic medical industry has acquired central enterprises by private enterprises. China Resources Wandong is located in Beijing. It was previously a subsidiary of China Resources Group. It has a history of more than 70 years and has the largest market share in the domestic medical imaging industry. The company was listed on the Shanghai Stock Exchange in 1997. In 2013, its audited total assets were 1.143 billion yuan and its operating income was 765 million yuan. Shangmao Group is a leading enterprise of surgical instruments in China. It has a history of more than 60 years. In 2013, its audited total assets were 792 million yuan and its operating income was 746 million yuan. Since the two companies are central enterprises, the pre-acquisition Yu Yue Technology has become the backbone of the domestic medical device industry. The Ministry of Commerce has launched an anti-monopoly review. In February this year, the State-owned Assets Supervision and Administration Commission approved the acquisition, and Yu Yue Technology paid nearly 2 billion. Yuan own funds. At present, 90% of domestic high-end medical equipment is imported, and domestic enterprises are in a fast-chasing stage. “M&A is not a matter of plant and land. For the sake of pure asset appreciation, it is to look at intangible assets such as high-end talents and scientific research strengths, and to improve the overall strength by integrating resources.†Wu Guangming, Chairman of Yuyue Technology, introduced two central enterprises. With more than 1,000 engineers, more than 1,300 instruments and medical registration certificates, it is a valuable asset accumulated over the years. "The next step will accelerate the process of international M&A." Silicone Film Dressing,Soft Comfortable Foam Dressing,Skin-Friendly Silicone Foam Dressing,Superabsorbent Silicone Foam Dressing Zhende Medical Co.,Ltd , https://www.zhendemedicals.com