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Ownership arrangement in Biohit Oyj’s Chinese Joint Venture – 2017 operating result expected to be positive

02.01.2017 09:30

Biohit Oyj Stock Exchange Release January 2, 2017 at 09:30 am local time (EEST)
Biohit Oyj and Anhui Wisdom-Win Investment Co. Ltd have signed a resolution authorised by shareholders of Biohit HealthCare (Hefei) Co. Ltd, a joint venture operating in Hefei, China, concerning reduction of the joint venture share capital for an amount equal to Biohit Oyj’s shareholding. Biohit Oyj owns 40% of the company, and the agreement is for reduction of the entire share capital. As a result of the transaction Biohit Oyj estimates its operating result to turn clearly positive for 2017.
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