Shanghai Creation Investment Management Company (SCI) has acquired a stake in Zecotek Photonics subsidiary Zecotek Imaging Systems Pte Ltd for a consideration of $5 million, with a maximum equity position of 10 per cent.
The final valuation of the deal is contingent upon the execution of a previously announced MOU with a Chinese PET manufacturer. The investment in Zecotek Imaging Systems will be used to build out the necessary organisational and operational infrastructure, and add China-based management to deliver its patented imaging technologies to the Chinese medical PET industry.
