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Hong Kong: Nikkiso takes controlling stake in Weigao Blood Purification

Japanese pump and pumping equipment manufacturer Nikkiso has acquired an additional stake in Weigao Blood Purification, a subsidiary of Chinese medical products conglomerate Shandong Weigao Group Medical Polymer.

It has increased its stake to 5% for Rmb100 million (US$15.1 million) and now controls the board. It will change from the existing three-member board (nominated as to two directors by the company and as to one director by Xia Lie Bo) to a five-member board.

Shandong Weigao’s stake in the group is now diluted to 46.9%.
Posted on: 07/12/2017 UTC+08:00


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