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RTNominal up4.560 +0.100 (+2.242%)

28/07/2021 14:35

United Lab (03933) to build veterinary products JV

[ET Net News Agency, 28 July 2021] The United Laboratories International Holdings
Limited (03933) said United Laboratories (Inner Mongolia) Limited (United Laboratories
(Inner Mongolia)), a wholly-owned subsidiary of the company, and Zhejiang Apeloa
Biotechnology Co., Ltd. (Zhejiang Apeloa) have jointly signed a cooperation framework
agreement in relation to veterinary medicine.
Pursuant to the agreement, United Laboratories (Inner Mongolia) and Zhejiang Apeloa will
establish an operating joint venture with a registered capital of RMB300 million by way of
contribution in cash. United Laboratories (Inner Mongolia) will hold 49% equity interest
in the joint venture.
Both parties will make use of their respective strengths to develop strategic
cooperation in the field of veterinary medicine and strive to establish a comprehensive
competitiveness in the veterinary medicine in terms of technology, production and market.
The preliminary cooperative project of the joint venture involves four veterinary
antibiotic products. (RC)

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