ST Mingde announced that the company has completed the asset transfer procedures for its acquisition of 100% equity in Wuhan Bikaier Rescue Products Co., Ltd. held by Blue Sail Medical, through cash payment. On August 14, 2026, Bikaier obtained a new business license issued by the Administrative Approval Bureau of Qiaokou District, Wuhan, and the 100% equity in Bikaier held by Blue Sail Medical has been fully transferred and registered under the company's name. As of the announcement date, the company has completed payment of the entire transaction consideration of 190 million yuan in accordance with the Asset Purchase Agreement, with the funds sourced from the company's own capital and part of the proceeds raised from its 2021 non-public offering of shares.
Blue Sail Medical Co LtdBlue Sail Medical completes sale of 100% equity in Bikaier for 190 million yuan, receiving full payment.
Wuhan Easy Diagnosis Biomedicine Co Ltd Class ABikaier's equity transfer to ST Mingde is completed, with new business license obtained.
