A New Era for 4L Health with Capital Strengthened by PE Investments
01 April 2016
With proven innovation and excellent execution capabilities, 4L Health Co. Ltd. / Foryou Medical Electronics Co., Ltd. has attracted attentions from plenty of PE companies. 4L Health Co. Ltd. has reached an agreement on investments with PE companies under Guangdong Technology Financial Group, New South Group, and other investors.
Mr. Zhou, Head of Guangdong Technology Financial Group, sang high praise for 4L Health’s R&D capabilities and leading position among Chinese peers. He added that with the strong capital supports, 4L Health is expected to grow into a well-known player on the international stage of wound care industry.
Guangdong Technology Financial Group set up in 1992 and solely owned by Guangdong provincial government. It is dedicated in encouraging technology innovation, providing financial service to high-tech enterprises, and promoting industry upgrades and economy development. Currently, it has 23 separate PE funds in operation. Asset under management is over 10 billion dollars.
New South Group is a conglomerate covering several industries including pharmaceuticals, real estate, hotel management etc. With strong alliance with Guangzhou University of Chinese Medicine, the group has established a full chain along pharmaceuticals industry, ranging across herbal plantation, R&D center, GSP production base, distributing subsidiaries and self-owned chain drugstores. In the past 15 years, New South Group has invested 1.5 billion CNY to make its foray into anti-malarial medicine, Artemisinin, an anti-malarial drug extracted from artemisia annua or sweet wormwood plants that are native to China, which led to the Chinese scientist Tu Youyou’s Nobel Prize in Medicine on 5 Oct., 2015.
Other investors include Yangcheng Newspaper Group, Guangdong Guangda Group, etc.
With the PE investments, the Management would still be the majority shareholder. The cooperation of 4L Health with Foryou Group would still continue and become deeper and deeper.
The alliance with Guangdong Technology Financial Group, New South Group, and other giants will surely start a new era for 4L Health to widen product offering, to further enhance quality, to better service our world-wide clients, and to help our business partners to achieve more successes.
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