Meihua up on agreement with Chinese province to build medical hubs

Meihua International Medical Technologies

21/02/2023 17:09

** Shares of Chinese medical device maker Meihua
International Medical Technologies Co  MHUA.O  rise 12.11% to
$29.16
    ** Co says its subsidiary entered into an agreement with
Qionghai City of Hainan Province to build technology park
project  urn:newsml:reuters.com:*:nPn5B7rJca
    ** Subsidiary co has also entered into an agreement with
Hainan to build MHUA a medical research and development center
in the Hope City
    ** MHUA's medical R&D center will carry out research and
development of stem cell to human targeted therapies and
rehabilitation training projects
    ** MHUA gained more than doubled since IPO in February 2022
 (Reporting by Khushi Mandowara)
 ((Khushi.Mandowara@thomsonreuters.com;))