It is rising on the news that Wontech has signed a business cooperation contract with Aoyuan Group in China.
At 2:21 pm on the 17th, Wontech is trading at 29,700 won on KONEX, up 2,600 won (9.59%) from the previous trading day.
Wontech announced on the same day that it has signed a contract to sell medical devices in China with Ao Yueting Medical Co., Ltd. in Shanghai, China. The total scale of the project is 345.25 million yuan (about 62.8 billion won).
This contract is for Wontech to grant Aoyuan Beauty exclusive sales rights for Wontech products throughout China except for Hong Kong, Taiwan and Macao for 5 years. Wontech is responsible for product and parts supply, R&D and production.
Shanghai Aoweting Medical Kerchi Co., Ltd., a wholly-owned subsidiary of Aowen Meiku, China, will be in charge of equipment sales, hospital education, after-sales service, logistics and marketing throughout China. Aowen Meiku is a subsidiary of the AOYUAN Group, established in Shanghai to specialize in the sale of medical equipment in China, and is listed on the Shenzhen Stock Exchange.
Jong-won Kim, Chairman of Wontech said, “We have secured a global network to first supply at least 2,000 units of Picocare, Lavieen, Pastelle, and Thermajuve (Korean name: Oligo) that have obtained Chinese certification among major products in China for 5 years.” We will also expand the proportion of global sales through additional contracts.”
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