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

Tech Companies Send Criticism Along With NSA-Related Data -- Update

04/02/2014 00:06:00
By Danny Yadron Technology companies including Google Inc. and Microsoft Corp. released new figures on the amount of data requests they received from U.S. ..

U.S. Hot Stocks: Hot Stocks to Watch

03/02/2014 14:07:00
Among the companies with shares expected to actively trade in Monday's session is Herbalife Ltd. (HLF). Herbalife Ltd. (HLF) raised its fourth-quarter outl..

Pfizer Study Meets Primary Endpoints

03/02/2014 13:05:00
Pfizer Inc. (PFE) said Monday that a Phase 2 trial of its advanced breast cancer treatment met its primary endpoint. Pfizer said a study comparing the effec..

Most read news

  • 24 hours
  • 48 hours
  • 1 week
1
ING CEO Ralph Hamers to present at Bank of America Merrill Lynch conference
2
JLL Extends Lease at Piedmont Office Realty Trust's Trophy Tower in Chicago, IL
3
InCoR Holdings Plc :InCoR Holdings Awards Incentive Shares and Updates on Progress with SALT
4
Ciber, a Global IT Consulting Company, Earns Infor's Alliance Partner of the Year Award
5
NASDAQ OMX Holds Third Quarter 2014 Investor Conference Call

Related stock quotes

Euroinvestor around the globe: Euroinvestor.dk | Euroinvestor.se | Euroinvestor.no | Euroinvestor.fr | Forexinvestor.com| Wisselkoersen.nl | Valuta.se | Valutaveksel.no | Divisas.es | Valute.it
Copyright Euroinvestor A/S 2014   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 October 2014 23:18:59
(UTC) Dublin, Edinburgh, Lisbon, London
Version: LiveBranchBuild_20141001.1 - EUROWEB5 - 2014-10-02 00:18:59 - 2014-10-01 23:18:59 - 1000 - Website: OKAY