OREANDA-NEWS. March 05, 2013. WISCO and Huarun Medical Group signed the joint venture cooperation agreement at the headquarter of Huarun in Hongkong, signifying the official launch of joint venture cooperation and mutual development for the two central enterprises in the medical field.

The agreement by the two sides specified that WISCO will make the contribution by net assets accounted 49% stake, and Huarun Medical will make the contribution by monetary capital accounted 51% stake.

The joint venture cooperation between the two sides is in accordance with the nation medical reform direction and the reform requirements of the SASAC of the State Council, which is beneficial to the medical resources integration of the state-owned enterprises, conducive to WISCO Hospital to make itself strong and excellent, and favorite to improving the health level of WISCO staff and their families.

Such cooperation is not just the cooperation of property, the more importance is to introduce the advanced system mechanism, enterprise culture and management philosophy in order to facilitate us to emancipate our minds, reform and open, and to boost the diversified industrial development. In the future, both sides will promote the cooperation in the fields of real estate and retail, etc.