Techcomp Acquires Majority of Chinese Supplier

/by

Shanghai Sanco’s products include microplate readers, biochemical analyzers and fluorometers, according to its website. (For Techcomp’s half-year results, see page 12.)

Singapore 8/18/08—Techcomp has acquired an approximately 81% interest in Shanghai Sanco Instrument via the purchase of 68% of Richwell Hightech Systems for RMB 4.8 million ($700,000). Registered as a foreign-invested enterprise in China with capital of $350,000, Shanghai Sanco manufactures and sells diagnostic and analytical instruments. Techcomp stated that the acquisition will provide operational synergies and enhance manufacturing capabilities and activities.

< | >