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Asiamedic Ltd Announces Incorporation Of Joint Venture Company


Monday, 29 Jul 2013 07:06am EDT 

Asiamedic Ltd announced that with reference to the announcement made on July 02, 2013, in relation to an agreement to establish a joint venture company (JV Co) to carry out the business of stem cell banking (which includes the processing, harvesting and storage of stem cells derived from umbilical cord blood). The Company now announced that the JV Co by the name of Cryoviva Singapore Pte Ltd has been incorporated in Singapore with an issued share capital of SGD100,000. AsiaMedic CytoLife Pte Ltd (a wholly-owned subsidiary of the Group) holds a 25% equity interest in the JV Co. 

Company Quote

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17 Oct 2014