M&A - Wins Finance Holdings Inc.
Form Type: 20-F
Filing Date: 2025-03-07
Corporate Action: Acquisition
Type: New
Accession Number: 000141057825000298
Filing Summary: Wins Finance Holdings Inc. reported that it has made significant movements within its business operations over the past year ending June 30, 2024. The company has focused on expanding its medical sales sector, exemplified by its acquisition of a 71.43% interest in Zhongrui Xukai (Beijing) Technology Co., Ltd. in April 2022. Moreover, in September 2022, it acquired 51% shares of Tianjin Runcheng Medical Technology Co., LTD., positioning itself strategically in the medical equipment market. Further reinforcing its position, on August 24, 2023, Wins Finance acquired a 50.8198% interest in Beijing Shi Yue Gong Tu Medical Equipment Co., Ltd. These acquisitions demonstrate the company's commitment to broadening its operational scope within the healthcare industry, reflecting a distinct pivot towards medical technology and equipment sales as a core component of its business model. Additionally, a supplementary agreement was made with investors to extend the closing date for a share subscription agreement, further highlighting ongoing investment strategies.
Document Link: View Document
Additional details:
Major Shareholders: Wins Finance Holdings Inc. has had notable corporate acquisitions to fortify its position in the medical equipment sector, including percentages of ownership in key companies.
Equity Interest Acquired: 50.8198% of Beijing Shi Yue Gong Tu Medical Equipment Co., Ltd.
Main Acquisition: 71.43% interest in Zhongrui Xukai (Beijing) Technology Co., Ltd.
Share Subscription Agreement: The company signed a supplementary agreement to extend the terms of a share subscription deal.
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