Shineco Inc. Acquires 51% Stake in Xi'an Dong'ao Health Management, Expanding Global Blockchain-Biotech Network
Reuters
Aug 20
Shineco Inc. Acquires 51% Stake in Xi'an Dong'ao Health Management, Expanding Global Blockchain-Biotech Network
Shineco Inc. has announced the acquisition of a controlling 51% stake in Xi'an Dong'ao Health Management Co., Ltd., a company specializing in cryogenic cell storage and clinical applications. This strategic acquisition supports Shineco's initiative to operationalize the tokenization of biological cellular assets by providing the necessary off-chain infrastructure for token redemption. This move, combined with their prior acquisition of Singapore-based Infiniclone, strengthens Shineco's global storage and infusion network, ensuring seamless on-chain and off-chain asset settlement.
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