Shanghai Haohai Biological Technology Purchases Full Stake in Lens Maker

MT Newswires Live

Nov 10

Shanghai Haohai Biological Technology (HKG:6826, SHA:688366) subsidiary Shanghai Haohai Medical Technology Development purchased the remaining 20% stake in Shenzhen New Industries Material of Ophthalmology from its sellers, according to a Monday filing with the Shanghai bourse.

Sellers Shenzhen Baina Tongda Investment Consulting Partnership, Shenzhen Jiusi Investment Partnership and Shenzhen New Industries Material of Ophthalmology director Zhang Jinsong sold the stake for 74 million yuan.

Once the acquisition is completed, Haohai will hold 100% in the lens manufacturer.

Shares rose 2% in Shanghai during afternoon trading on Monday.

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