December 22, Xinhua medical at its sixth session, the sixth meeting of the Board of Directors adopted the company and General Electric (China) co., Ltd. signed the contract of joint ventures.
Xinhua medical and GE formed a joint venture called Xinhua General Electric medical systems co., Ltd., the total investment is US $ 25 million to the joint venture's business scope includes the research, development and production of medical diagnostic x-ray equipment, ancillary equipment and parts; software development and production; sales-grown products; provide the products of debugging, maintenance, repair, technical consulting and training services.
In the capital, Xinhua medical holding 51% and 49% of GE shares.Xinhua medical Express, a joint venture to establish and operate a State-of-the-art technology in medical diagnostic x-ray equipment, accessories and parts of the research, development, production, sales and service company in China and international market with high quality and competitive joint product, allowing both sides to achieve a good economic benefits.
The newly established joint venture company intends to adopt international advanced technology, to develop universal medical products that force will become the Xinhua and GE standard x-ray imaging equipment research and development and manufacturing base.
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