Weigao Orthopaedics to Acquire 55% Stake in Jiesibeyer via Equity Purchase and Capital Increase

Source: Securities Times

People's Finance News, December 11WEGO ORTHO(688161) Announcement on December 11: The company plans to change the unused portion of the raised funds, amounting to 86.46 million yuan, from the "R&D Center Construction Project" to acquire part of the equity of Suzhou Jiesbyer Medical Technology Co., Ltd. (referred to as "Jiesbyer Medical") and increase capital in Jiesbyer Medical. After the transaction is completed, the company will hold 55% of Jiesbyer Medical's equity and include it in the consolidated financial statements. Jiesbyer Medical focuses on the fields of spinal minimally invasive surgery and sports medicine, possessing two major technology platforms: orthopedic minimally invasive surgery and active energy devices. Jiesbyer Medical’s deep accumulation in the two major technology platforms of orthopedic minimally invasive surgery and active energy devices has strong synergy with the key development direction of the company’s "R&D Center Construction Project," which includes minimally invasive orthopedic products and active products. This can strengthen the company’s technological accumulation in high-frequency electrosurgical devices, surgical power systems, and ultrasonic bone knives, and further enhance the company’s advantages in minimally invasive surgical products such as spinal minimally invasive surgery and arthroscopy.