RSSNewsletterSiteMapFeedback

Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Business / Healthcare & Pharmaceutical Tools: Save | Print | E-mail | Most Read | Comment
Medtronic buys stake in Weigao
Adjust font size:

United States medical equipment maker Medtronic Inc will pay HK$1.73 billion (US$221 million) for a 15-percent stake in a Chinese medical accessories supplier to expand in China, it said yesterday.

 

Medtronic, the world's largest maker of medical products for spinal conditions, will also set up a joint venture with Shandong Weigao Group Medical Polymer Co to market therapies in the spinal and orthopedics sectors in China, according to Business Wire.

 

"China is key to our global strategy as we continue to expand our geographic footprint," said Bill Hawkins, Medtronic president and chief executive.

 

"Weigao has a broad orthopedic and trauma product line that complements Medtronic's offerings, but even more importantly, we feel we can generate synergies with their very strong presence and reputation in China."

 

Medtronic will gain the 15-percent stake in Shandong Weigao through buying about 81 million newly issued shares at HK$11 apiece from Weigao, which is listed in Hong Kong. It will buy the same number of Weigao's unlisted ordinary shares from Weigao's existing shareholders at HK$10 per share.

 

Medtronic will have 51 percent in the joint venture, which will market Medtronic's spinal products and Weigao's orthopedic products.

 

Shandong Weigao, which makes infusion sets, syringes, blood bags and medical needles, has a sales network covering 5,400 hospitals.

 

(Shanghai Daily December 19, 2007)

Tools: Save | Print | E-mail | Most Read

Comment
Username   Password   Anonymous
 
China Archives
Related >>
Most Viewed >>
-China set to hit the brakes on rising yuan
-Power to resume shortly in worst-hit area by snow
-Online operators are on top of the game
-Macao's gaming market expands further
-Insurance firms set to stump up billions

May 15-17, Shanghai Women's Forum Asia
Dec. 12-13 Beijing China-US Strategic Economic Dialogue
Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright ? China.org.cn. All Rights Reserved E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP證 040089號

主站蜘蛛池模板: 91麻豆国产极品在线观看洋子| 放荡的女按摩师2| 国产精品自产拍在线观看| 久久亚洲国产成人精品性色| 理论片在线观看韩影库| 好吊色欧美一区二区三区视频| 亚洲午夜久久久精品影院| 色综合网站国产麻豆| 国产精品视频免费视频| v11av82| 日韩精品人妻系列无码av东京| 免费国产污网站在线观看| 麻豆国产精品有码在线观看| 大片免费观看在线视频| 久久久www成人免费精品| 欧美日韩亚洲成色二本道三区| 另类老妇性BBWBBW| 亚洲精品国产国语| 女人pp被扒开流水了| 久久亚洲精品无码aⅴ大香| 校霸把学霸往死里做| 人人爽人人爽人人片a免费| 蜜桃视频一区二区三区在线观看| 国产综合精品在线| 一级片免费试看| 日韩亚洲欧美综合| 亚洲欧美日韩图片| 精品性高朝久久久久久久| 国产在线视频第一页| 538在线视频观看| 嫩草视频在线观看| 久久无码专区国产精品| 欧美日韩国产高清| 亚洲精品亚洲人成在线麻豆| 老师xxxx69动漫| 国产欧美一区二区三区免费| 99精品无人区乱码在线观看| 我要c死你小荡货高h视频| 亚洲av成人综合网| 污网站在线免费看| 另类国产ts人妖视频网站|