24/09/2012 01:55:00

SK Telecom to Acquire 49% Stake in Chinese Healthcare Company

Related content

By Kyong-Ae Choi

SEOUL--SK Telecom Co. (017670.SE), South Korea's largest mobile telecom carrier by sales, said Monday it will acquire a 49% stake in China's X'ian Tianlong Science and Technology Co. in a bid to diversify its business portfolio.

"The acquisition is aimed at entering the country's rapidly-growing healthcare market," the company said in a statement, adding it will participate in the Chinese firm's management as the second-largest shareholder.

The South Korean firm didn't disclose the size of its financial investment.

X'ian Tianlong produces medical diagnosis equipment. The China market was worth 1.5 trillion won ($1.3 billion) in 2011 and is expected to grow to KRW6.3 trillion in 2021, said the statement.

Write to Kyong-Ae Choi at kyong-ae.choi@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

September 23, 2012 20:55 ET (00:55 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Post comment

Related debate

  • 1 week
  • 1 month
  • 1 Year
Ingen indlæg

Regulatory news

Form 8.3 - Royal Dutch Shell Plc

31/08/2015 15:11:37
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE ..

Medtronic Study Detects Gene Associated with Sudden Cardiac Death

31/08/2015 12:00:30
First-of-its-Kind Discovery Furthers Understanding of Role of Genetics in Sudden Cardiac Death, May Help Identify Patients at Increased Risk ..

Form 8.5 (EPT/RI) - Bioquell plc

28/08/2015 07:57:51
FORM 8.5 (EPT/RI) PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
Constellation Brands to Present at Barclays Capital Back-To-School Consumer Conference, Sept. 9, 2015
2
UPDATED SHARE CAPITAL AND VOTING RIGHTS FOR LUNDIN MINING
3
LUNDIN MINING REPORTS 2015 MINERAL RESOURCE & RESERVE ESTIMATE UPDATE
4
SAG GEST - SOLUÇÕES AUTOMÓVEL GLOBAIS, SGPS, SA - Consolidated Management Report and Finantial Statements - 1st Half 2015
5
Silent Participations and Profit Participation Capital of HSH Nordbank

Related stock quotes

Buy and sell signals

  • Trend
  • Moneymachine

Copyright Euroinvestor A/S 2015   Disclaimer and Terms of Use
Quote information is delivered by Interactive Data.
Data is delayed 15-20 minutes according to the distribution agreements set by the different exchanges.
 
01 September 2015 17:08:00
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20150824.1 - EUROWEB5 - 2015-09-01 18:08:00 - 2015-09-01 17:08:00 - 1000 - Website: OKAY