China Everbright fund to buy stake in LifeTech Scientific
A healthcare fund managed by China Everbright has agreed to acquire the bulk of global medical equipment manufacturer Medtronic’s stake in Hong Kong-listed LifeTech Scientific Corporation.
The China Everbright Fund will buy a 22.4% interest in LifeTech for an undisclosed sum, while the rest of Medtronic’s holding will go to another investor, according to a filing. Based on its May 4 closing...
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