Shinva Medical Instrument Co Ltd (600587.SZ) announced on Dec.18, 2011, the company intended to acquire 20% stake of Shandong China-German Dental Technology Co., Ltd. which listed at Shandong property right exchange center at the cost of RMB 1.4594 million and 25% stake of China-German Dental held by Germany Dental Technology International Inc. for RMB 1.8243 million. The purchase capital amounts to RMB 3.2837 million.

According to the statement, when the acquisition completes, Shinva Medical will hold 45% shares of China-German Dental and become its relative holding stockholders.

Shinva Medical is achieving endogenous and extensive growth by technology innovation, adjustment of products structure and M & A. The acquisition corresponds to its development strategy and is expected to further improve company's market competitiveness, broaden business scope as well as improve economic effectiveness.

Source:Medicine Economic News