Realcan Pharmaceutical Group (002589.SZ) plans to invest 151 million yuan to acquire 76.01% equity of Zhejiang Hengjiu.

Realcan Pharmaceutical Group (002589.SZ) announced that its subsidiary, Jixiangshan (Shandong) Medical Technology Co., Ltd., intends to acquire 76.01% equity of Zhejiang Hengjiu Medical Devices Co., Ltd. (referred to as "Zhejiang Hengjiu") from the related party Yantai Hengyue Health Technology Partnership Enterprise (Limited Partnership) ("Yantai Hengyue") in cash. The valuation of the investment target Zhejiang Hengjiu is 199 million yuan, and the transaction amount for 76.01% equity of Zhejiang Hengjiu in this transaction is 151 million yuan (subject to adjustments based on performance commitments). It is reported that Zhejiang Hengjiu was established on November 1, 2017, and its main products include innovative medical devices such as a three-dimensional breast ultrasound tomography imaging system. The three-dimensional breast ultrasound tomography imaging system is a semi-spherical breast ultrasound tomography imaging system, which features three modal images (ultrasound gray scale image, sound velocity image, and sound attenuation coefficient image) that do not rely on the experience of doctors, fast data collection, quick imaging, and automation. It has high specificity and sensitivity in medical clinical applications and is an innovative product for early detection and screening of breast cancer. As of the date of this announcement, Zhejiang Hengjiu has applied for 59 related patents, with 45 of them already authorized and 10 invention patents. This transaction aligns with Realcan Pharmaceutical Group's overall strategy of industry layout around the health industry upstream and downstream. It is a key step in expanding into the field of medical device production and research and development, in line with the company's transformation direction. The existing hospital channels of the company and the core competitiveness of Zhejiang Hengjiu's breast detection equipment can form a good synergy. Zhejiang Hengjiu's products are currently in the clinical research stage, with product development finalized, and the subsequent risks of registration and listing are substantially controllable. Completing the acquisition at this stage can leverage the company's existing hospital channels to advance academic communication and market layout for the product, and rapidly commercialize sales once the product registration certificate is approved. In addition, the integration of both research and development teams can maximize resource efficiency.
21/02/2025
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