Maxnerva Unit Sells Stake in Joint Venture

MT Newswires Live

05/19

A unit of Maxnerva Technology Services (HKG:1037) agreed to sell its entire 18.75% stake in a joint venture firm to a limited liability company in China for 13.4 million yuan, a Friday Hong Kong bourse filing said.

The JV company engages mainly in the contract development and manufacturing organization of medical equipment and devices in China.

The firm will use proceeds from the issue for general working capital.

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