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China's Medical Device Market Value Hits $179B, 90th CMEF in Shenzhen to Feature a Plethora of Technological Products
Vincent Medical Buys Automation Equipment for New Plant in China
Express News | Vincent Medical - Construction of Fire Protection System in New Production Facility at RMB18.0 Mln by Unit
Vincent Med (01612.HK) subsidiary, Guangdong Vincent Med, has entered into a warehouse facility purchase agreement and fire system construction contract.
On July 17th, Gelunhui reported that Vincent Med (01612.HK) announced that on July 17th, 2024, its indirectly wholly-owned subsidiary, Guangdong Vincent Med, entered into a warehouse facility purchase agreement with the supplier, related to the purchase of automated warehouse facilities for new production facilities, at a cost of 33.5 million RMB. The cost was determined through the tendering procedure, which has issued invitations for four bids for the purchase of automated warehouse facilities, and has received four bids. It was also announced on the same day that Guangdong Vincent Med had entered into a fire system construction contract with the contractor for the construction of a fire system in the new production facility at a cost.
Express News | Vincent Medical - Procurement of Automated Warehouse Facility by Unit for RMB33.5 Mln
Sinolink Securities: The pharmaceutical sector is expected to see an improvement in market conditions in the third quarter, and overall growth expectations for the second half of the year are optimistic.
Sinolink Securities released a research report stating that considering the improvement in the medical insurance settlement cycle, the expectation of policy improvement, and the recovery performance of the industry, as well as the fact that institutional medicine hold positions are at a low level, the medical sector will usher in an improved market situation in Q3.
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