Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road
Company

Boai NKY (300109.SZ): unit to sell 100-pct stake in NKY Biotech US

August 02, 2021


Abstract : Boai NKY Medical Holdings Ltd. (300109.SZ) announced on Monday that its subsidiary Boai NKY Biotech Co., Ltd will sell a 100-percent stake in NKY Biotech US, Inc. in cash to Abcam US Group Holdings Inc.

NKY.png

Photo: the logo of the Boai NKY Medical Holdings Ltd. 

BEIJING, Aug. 2 (Xinhua) -- Boai NKY Medical Holdings Ltd. (300109.SZ) announced on Monday that its subsidiary Boai NKY Biotech Co., Ltd will sell a 100-percent stake in NKY Biotech US, Inc. in cash to Abcam US Group Holdings Inc.

According to a filing to the stock exchange, the transaction value is estimated at 343 million U.S. dollars. 

NKY Biotech US is a special purpose company established by the listed company in Delaware, USA, and it holds a 100-percent stake in BioVision which is a life science company headquartered in the San Francisco Bay area. After the transaction, the Shenzhen-listed company will no longer hold any equity interest in BioVision. 

Headquartered in central China's Henan Province, Boai NKY Medical Holdings Ltd is a high-tech specialty chemical company focused on the development and manufacture of biomaterials. (Edited by Hu Pingchao, Wang Siyi, hupingchao@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: biotech equity transaction

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial