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BRIEF-G Medical Innovations Holdings signs China joint venture agreement

Published 22/05/2017, 09:39 am
© Reuters.  BRIEF-G Medical Innovations Holdings signs China joint venture agreement

May 22 (Reuters) - G Medical Innovations Holdings Ltd GMV.AX :

* G Medical signs china joint venture agreement

* GIBF to invest US$5 million into a new joint venture subsidiary company in China

* GIBF will invest us$5 million into a JV unit co in China, for a 30% fully diluted equity interest in G Medical's chinese unit

* G Medical has agreed all of its operations in China, Hong Kong and Macau shall be directed exclusively through joint venture

* Agreement is for creation of jointly owned chinese subsidiary to provide G Medical's products and services into chinese market

* Signed a joint venture agreement with Guangzhou Sino-Israel Bio-Industry Investment Fund Source text for Eikon: ID:nASX29Krdt Further company coverage: GMV.AX

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