Baotong Belt Industry 50 Million Investment in the Medical Industry

China Securities Network the broad prospects of the medical industry attract more and more listed companies to participate in it Baotong Belt Industry (300031) announced on the evening of September 9 that the company intends to set up a wholly-owned subsidiary "Wuxi Baotong Medical Investment Co., Ltd." (tentative) with its own capital of 50 million yuan announcement shows that the scope of business of the proposed subsidiary includes investment in the field of medical and health care, the sales trend of medical products related to the company's stock Baotong belt industry , agents, technical consulting and so on Baotong belt industry said that the company will focus on the development of the medical and health industry, build the company's medical and health industry platform, through investment with strong operating strength, technical strength, excellent management team, high-growth high-quality medical and health services enterprises, grasp the medical industrialization, market-oriented opportunities, quickly cultivate the company's future new business growth points expand ingress with new business, Baotong belt industry also increased the upgrading of the original business Wuxi Baotong New Materials Technology Co., Ltd., a wholly-owned subsidiary, and Yongli Industrial Canvas Factory in Wuxi City jointly funded the establishment of a joint venture, the two sides signed the "Investment Cooperation Agreement on Belt Skeleton Materials Project." the registered capital of the above-mentioned project company is 5 million yuan, of which the new materials company invested 2.55 million yuan in currency, accounting for 51% of the registered capital, and Yongli Canvas contributed 2.45 million yuan in currency, accounting for 49% of the registered capital After the establishment of the project company will mainly engage in conveyor belt new skeleton materials, including high-strength canvas, cross-wearing metal composite materials, industrial curtain cloth, network, industrial high-strength wire rope research and development, design, manufacturing, processing business, in order to further enhance the use of rubber conveyor belt performance the vast development space facing the medical industry is attracting capital from all sides In the real estate enterprises have been holding hands with old-age medical care, the mobile medical field is also developing rapidly Tencent, Alibaba, Baidu and other giants have launched health care industry plans Under this influence, the amount of mergers and acquisitions in the medical and health sector has also been increasing PwC expects the healthcare services sector to be the next merger and restructuring of the active sector industry insiders believe that Baotong belt industry this investment in the field of health care, help to expand the scope of the company's business But the development of new business takes time, but also will face a certain degree of business expansion pressure Author: Yu Ping (Source: China Securities News, China Securities News):
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