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 - Pace Plc

26/05/2015 15:20:43
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE ..

Form 8.3 - AXA INVESTMENT MANAGERS S.A.: BG Group Plc

26/05/2015 11:20:30
FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE ..

Total voting rights

26/05/2015 10:46:36
26th May 2015 Intermediate Capital Group plc TOTAL VOTING RIGHTS Intermediate Capital Group plc (the "Company") has made an application for the admi..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
ROYAL DUTCH SHELL PLC - Director Declaration
2
LONDON AND ASSOCIATED PROPERTIES PLC - Annual Financial Report
3
Verisk Analytics Executive Vice President and Chief Financial Officer Mark Anquillare to Present at the William Blair & Company 35th Annual Growth Stock Conference
4
EXCEPTIONAL STONE TENDER ANNOUNCED
5
ING sells 45 million shares in NN Group for total proceeds of EUR 1.1 billion

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.
 
27 May 2015 08:37:32
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20150519.1 - EUROWEB2 - 2015-05-27 09:37:32 - 2015-05-27 08:37:32 - 1000 - Website: OKAY