Advanced Biomed sells Hong Kong subsidiary for $23,000

10 months ago 37

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Wed, December 31, 2025 astatine 9:25 AM CST 1 min read

Advanced Biomed (ADVB) entered into an statement with an unrelated 3rd party, Wei Ha Hui, pursuant to which the Company agreed to merchantability 100% of the issued and outstanding shares of Advanced Biomed Limited, a Hong Kong institution and a wholly owned subsidiary of the Company, for an aggregate acquisition terms of $23,000 based connected a valuation study commissioned by the Company, taxable to the presumption and conditions acceptable distant successful the Agreement. All intelligence spot owned by the Hong Kong subsidiary, including intelligence spot owned by Shanghai Sglcell Biotech, a wholly owned subsidiary of the Hong Kong subsidiary, was transferred to the Buyer astatine the closing of this transaction connected December 23.

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