Brief: SHIN NIPPON BIOMEDICAL LABORATORIES to set up JV in China with Shanghai Shimao
18/05/2016 04:46
May 18 (Reuters) - SHIN NIPPON BIOMEDICAL LABORATORIES LTD
2395.T :
* Says it plans to set up a joint venture in China with
Shanghai Shimao Co Ltd 600823.SS in June, with registered
capital of 5 million yuan
* Says JV to be mainly engaged in medical tourism and
medical consulting in Japan which is targeted to the China's
wealthy class
* Says SHIN NIPPON BIOMEDICAL LABORATORIES and Shanghai
Shimao to hold a 40 percent stake and a 60 percent stake in JV
respectively
Source text in Japanese: https://goo.gl/v62pki
Further company coverage: 2395.T 600823.SS
(Beijing Headline News)
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Reuters Messaging: Cheng.Li@thomsonreuters.com@reuters.net))
Keywords: SNBL/BRIEF