Shandong Oriental Ocean Sci-Tech Partners With Dalian Zeruikang Trading to Set Up 4 Million Yuan Venture

MT Newswires Live2024-10-14

Shandong Oriental Ocean Sci-Tech (SHE:002086), through healthcare unit Oriental Ocean Life Science Technology, will establish a 4 million yuan joint venture with Dalian Zeruikang Trading, according to a Saturday filing on the Shenzhen Stock Exchange.

The planned venture, Liaoning Oriental Yinsheng Medical Technology, will manufacture medical devices, the filing said.

The Chinese seafood processor will hold 51% of the venture after injecting around 2.04 million yuan and Dalian Zeruikang Trading will own 49% of the venture after investing 1.96 million yuan into its capital.

Shandong Oriental's shares rose less than 3% at the close.

Price (RMB): Â¥2.01, Change: Â¥+0.050, Percent Change: +2.55%

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