APT Medical to Buy Stake in Biotech R&D Firm for 5 Million Yuan

MT Newswires Live08-22

APT Medical (SHA:688617) will acquire 4% of Shanghai Liliang Medical Technology for 5 million yuan, according to a Shanghai bourse filing on Friday.

The medical device company is among four investors buying a stake in the medical and biotechnical research and development firm. The acquisition will be made through capital injection.

The company's shares slipped over 1% during morning trade.

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