Ownership arrangement in Biohit Oyj’s Chinese Joint Venture completed
Biohit Oyj Inside information, 31[st] May, 2017 at 2 pm local time (EEST) On the 2nd of January 2017 Biohit Oyj made an announcement regarding the share capital reduction of its joint venture Biohit HealthCare (Hefei) Co. Ltd thereby assigning ownership in the company. The transaction has received the necessary approval from the authority and the company’s share capital has been reduced by an amount equal to Biohit Oyj’s shareholding. Resulting from the transaction, a profit of approximately EUR 8.5 million will be booked in the first half of Biohit Oyj’s operating result impairing