Global Medical (02666.HK) plans to invest 15.03 million yuan to establish a joint venture company, which will build a collaborative platform integrating policy docking, technology transformation and clinical validation.

Wise Financial News App News, Universal Medical (02666.HK) announced that on November 18, 2025 (after trading hours), the company, China Machinery New Energy (a wholly-owned subsidiary of General Technology Group) and Hele Technology signed an agreement to establish a joint venture company. According to the agreement, the registered capital of the joint venture company is RMB 30 million, which will be contributed by the parties in cash, including: (i) the company contributes RMB 15.03 million, (ii) China Machinery New Energy contributes RMB 4.47 million, and (iii) Hele Technology contributes RMB 10.5 million. After the establishment of the joint venture company, the registered capital will be held by the company, China Machinery New Energy, and Hele Technology at 50.1%, 14.9%, and 35% respectively. The joint venture company will become a subsidiary of the company.