NetworkNewsBreaks – AnPac Bio-Medical Science Co
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Posted On: 09/07/2021 3:51:35 PM
NetworkNewsBreaks – AnPac Bio-Medical Science Co. Ltd. (NASDAQ: ANPC) Announces Ownership Increase in Subsidiary Holding
AnPac Bio-Medical Science (NASDAQ: ANPC) subsidiary AnPac Bio-Medical Science (Lishui) Co. Ltd. has increased its holding in AnPai (Shanghai) Healthcare Management Consultant Co. Ltd., one of its subsidiaries; the increase came after approval was granted by the company audit committee and board of directors. The company announced that in late August 2021 it finalized the share structure registration amendment with the local Administration Management Bureau. Before making the decision, company officials conducted rigorous due diligence that included obtaining financial and legal audits and appraisals by a qualified appraiser. AnPac Bio-Medical Science is a biotechnology company with operations in China and the United States. AnPai is a distributor of AnPac Bio’s cancer test products, posting solid numbers for the past three years with consistent growth in revenues and customer base. According to the announcement, AnPac Bio anticipates AnPai will provide future access to a wider range of customers, resulting in stronger customer channels and sales capability. “AnPac Bio is excited to have completed this important step,” said AnPac Bio CEO and chair Dr. Chris Yu in the press release. “We are able to successfully incorporate with AnPai’s wide diversity customers and high revenue growth through this transaction. In the future, we will achieve faster and greater progress and development in the diversity of customers and the professionalism of our services as well as projected sustainable revenue growth through our greater share ownership. We hope that customers will benefit from AnPac Bio’s CDA technology.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
AnPac Bio-Medical Science (NASDAQ: ANPC) subsidiary AnPac Bio-Medical Science (Lishui) Co. Ltd. has increased its holding in AnPai (Shanghai) Healthcare Management Consultant Co. Ltd., one of its subsidiaries; the increase came after approval was granted by the company audit committee and board of directors. The company announced that in late August 2021 it finalized the share structure registration amendment with the local Administration Management Bureau. Before making the decision, company officials conducted rigorous due diligence that included obtaining financial and legal audits and appraisals by a qualified appraiser. AnPac Bio-Medical Science is a biotechnology company with operations in China and the United States. AnPai is a distributor of AnPac Bio’s cancer test products, posting solid numbers for the past three years with consistent growth in revenues and customer base. According to the announcement, AnPac Bio anticipates AnPai will provide future access to a wider range of customers, resulting in stronger customer channels and sales capability. “AnPac Bio is excited to have completed this important step,” said AnPac Bio CEO and chair Dr. Chris Yu in the press release. “We are able to successfully incorporate with AnPai’s wide diversity customers and high revenue growth through this transaction. In the future, we will achieve faster and greater progress and development in the diversity of customers and the professionalism of our services as well as projected sustainable revenue growth through our greater share ownership. We hope that customers will benefit from AnPac Bio’s CDA technology.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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