Aceso Life Science Announces Update on Joint Venture Formation with Jiangsu Lettall

Reuters

05-13

Aceso Life Science Announces Update on Joint Venture Formation with Jiangsu Lettall

Aceso Life Science Group Ltd. announced an update regarding the formation of a joint venture with Jiangsu Lettall. Initially disclosed on 30 March 2025, the joint venture agreement entails HTICI, a subsidiary of Aceso, and Jiangsu Lettall owning 75% and 25% of the JV Company, respectively. Recently, HTICI completed a share placement, leading to a dilution of Aceso's holding in HTICI. Consequently, HTICI's results and financial position will no longer be consolidated into Aceso's financial statements but will be accounted for separately as an associate. This update affects the company's reporting obligations regarding the joint venture agreement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Aceso Life Science Group Ltd. published the original content used to generate this news brief on May 13, 2025, and is solely responsible for the information contained therein.

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Aceso Life Science Group Ltd. published the original content used to generate this news brief on May 13, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00474","symbol_name":"信铭生命科技","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250513:nNDLskNcF:1","article_id":"2535776773","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535776773","pubTimestamp":1747142405,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Aceso Life Science Group Ltd. announced an update regarding the formation of a joint venture with Jiangsu Lettall. 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