Brighter subscribes in whole to Camanio Care's rights issue for China expansion.
Brighter's associated company Camanio Care (publ), which develops and sells robotics and Augmented Reality solutions for elderly care and assisted care, announced on Friday that the company is executing a rights issue to accelerate the growth rate in China and the United States. Brighter intends to defend its ownership in Camanio Care. Camanio Care has recently intensified its expansion strategy to the Chinese market, where the number of elderly is growing fast and the need for elderly care is high. Since the 1960s, the average life expectancy of the population has increased from about