Shanghai Healthcare M&A Fund Takes Strategic Stake in MicroPort Scientific Corporation
The issuer is solely responsible for the content of this announcement.
About MicroPort Scientific Corporation
Founded in 1998 and headquartered in Shanghai's Zhangjiang, MicroPort Scientific Corporation is a leading domestic innovative high-end medical device group. It began by breaking the import monopoly in the cardiovascular stent field, and after 26 years of innovative development, its business has expanded to areas including rhythm management, orthopaedics, cardiovascular intervention, aortic and peripheral vascular intervention, neurovascular intervention, heart valves, surgical robots, and surgical medical devices. By the end of 2024, MicroPort operated in over 20,000 hospitals across 100 countries and regions worldwide, providing more than 600 solutions for patients covering over 200 diseases. MicroPort has incubated 6 A-share and Hong Kong-listed companies, owns 9 specialized and sophisticated SMEs, 4 technology giant enterprises, and 16 national high-tech enterprises, making it an outstanding representative of Shanghai's technological innovation and industrial transformation.
About SIIC Capital
As the active fund management platform under SIIC Group, since its establishment, SIIC Capital has been based in Shanghai, connected with Hong Kong, and oriented towards the world, actively exploring investment opportunities in strategic emerging industries such as biomedicine and green environmental protection. Through a multi-currency, full-stage fund matrix layout, it deeply serves national strategies and the construction of biomedicine highlands.
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Noting the cancellation of a high-level EU-China economic and trade dialogue earlier this year, Cui said there had been a gap in terms of each side's goal for the talks, with Brussels seeking tangible outcomes and Beijing viewing the dialogue as a platform for talks, cooperation and management of competition. 'If high-level dialogues are no longer Europe's preferred approach, the critical question is whether China and the EU can identify a mutually acceptable framework to address their persistent challenges.' Observers in Europe said they were less optimistic about the future of bilateral relations. Abigael Vasselier, director of policy and European affairs at the Mercator Institute for China Studies, said on Monday that Europe was entering the summit 'with no illusion that it is going to be a deal-making moment', given that there was a mismatch over various disputes. She said she expected the summit would not change the long-term course of EU-China ties, which were deeply troubled by structural issues. - SOUTH CHINA MORNING POST
