Adicon Holdings Limited (SEHK:9860) agreed to acquire Suzhou Yuande Weikang Biomedical Co., Ltd. from CHEN Jun for approximately CNY 200 million on May 6, 2025. The consideration consists of 14.51 million common equity of Adicon Holdings Limited to be issued for common equity of Suzhou Yuande Weikang Biomedical Co., Ltd. Adicon Holdings Limited will pay an earnout/contingent payment common equity.
The transaction is subject to approval by regulatory board / committee.
Adicon Holdings Ltd is an investment holding company principally engaged in the provision of independent clinical laboratory (ICL) services. The Company primarily provides testing services to hospitals, medical institutions, medical examination centers, consumers, pharmaceutical companies and contract research organizations (CROs). The Company's inspection services mainly include routine tests, esoteric tests, clinical immunologic testing, clinical chemistry testing, clinical molecular biology testing, pathology testing and others testing. The Company is also engaged in the sales of medical testing equipment. The Company principally conducts its businesses in the domestic market.
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