One of the main shareholders of several China healthcare industry companies is Golden Meditech Company Ltd., incorporated on Cayman Islands.
Besides China Medical Technologies, Inc., whose shares are held by Golden Meditech (BVI) Company Ltd. (incorporated in the BVI), there are also
- Beijing Jingjing Medical Equipment Co. Ltd. – company engaged in the development, manufacturing and sale of hi-tech medical devices, 100% owned by Golden Meditech Company;
- Beijing Jiachenhong Biological Technologies Co. Ltd. – company engaged in providing Cord Blood Bank services, 51% owned by Golden Meditech;
- Qijieyuan Pharmaceutical Technology Development Co. Ltd. – company working in Chinese Herbal Medicine segment (most succesfull product – TangHerb), 51% owned by Golden Meditech
- Union China National Medical Equipment Co. Ltd. – engaged in the nationwide sale and distribution of medical equipment, from both foreign and domestic manufacturers, 37.8% owned by Golden Meditech.
The roots of Golden Medical Company go to 1990ies when Mr. Yuen Kam – the founder of the whole business – started to invest in research and development of the autologous blood recovery system. The Golden Meditech was incorporated in 2000, listed on Hong Kong’s GEM (Growth Enterprise Market) Board (8180.HK) in 2001 and the market capitalisation of Golden Meditech Company now is 3.18 billion HKD.
The main shareholder of Golden Meditech company empire is Bio Garden Inc. – the British Virgin Islands company, incorporated in accordance to BVI International Business Companies Act. Mr. Yuen Kam is the sole shareholder of Bio Garden Inc. – the BVI company with great power in Chinese hi-tech and unique medical and healthcare services sector.
Company strategy is strengthening core businesses and expanding product range and business segments through strategic merger and acquisition. One very good example mentioned by Mr. Yuen Kam is a company which Golden Meditech (BVI) Company invested back in 2003 and today it is known as the China Medical Technologies. China Medical Technologies was listed on NASDAQ in 2005, and its listing transformed $5 million investment into approximately $100 million, representing 20-fold increase in value to shareholders.