Huami will acquire 29.99% of the outstanding shares of Jiangsu Yitong Hi-Tech for ¥959.68 million. This collaboration could expand the healthcare ecosystem of the Chinese market. The deal is subject to approval by the shareholders' meeting and the markets commission. The companies expect the deal to close in the first half of 2021.
Huami will acquire 29.99% of the outstanding shares of Jiangsu Yitong Hi-Tech for ¥959.68 million. This collaboration could expand the healthcare ecosystem of the Chinese market. The deal is subject to approval by the shareholders' meeting and the markets commission. The companies expect the deal to close in the first half of 2021. 
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