Anhui Nanwei Medical Products Co., Ltd. announced that it expects to receive CNY 75 million in funding from Jiangsu Nanfang Medical Co., Ltd.
February 24, 2021
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Anhui Nanwei Medical Products Co., Ltd. announced that it will receive CNY 75 million in an equity round of funding from returning investor Jiangsu Nanfang Medical Co., Ltd. (SHSE:603880) on February 25, 2021. The transaction has been approved by twentieth meeting of the third board of directors of the company and still needs to be submitted to the general meeting of shareholders for review. Post closing of the transaction, the registered capital of the company will increase from CNY 5 million to CNY 80 million and investor will retain 100% stake in the company. The company’s board of directors authorizes the company’s management to handle industrial and commercial approvals and other related matters.
Jiangsu Nanfang Medical Co., Ltd. is a China-based company which is mainly engaged in manufacture and sales of medical dressings and pharmaceutical products. The Company is mainly engaged in research and development, manufactures and sales of transdermal products, medical tape and bandages, sports protection products, first-aid kits, nursing products and others. The Companyâs main products include Band-Aid, patches, medical tapes, plaster dressings, sports protection products, first-aid kits, care products and other products. The Companyâs brands include MIAO-SHOU, Oushun and others.