On September 29, 2016, Fosun Pharma announced that the company and Intuitive Surgical SARL have established a joint venture company, Intuitive Fosun Medical Device Technology (Shanghai) Co., Ltd. (tentative name, and finally approved by the relevant registration authority) to sign a joint venture contract. . The registered capital of the joint venture company is 100 million US dollars. Fosun Pharma intends to subscribe the registered capital of the joint venture company with RMB equivalent of US$40 million in cash, accounting for 40% of the registered capital of the joint venture company. Intuitive intends to subscribe for the registered capital of the joint venture company for 60 million US dollars, accounting for 60% of the joint venture company's book capital; the joint venture contract will take effect from the date of its filing with the Shanghai Municipal Commission of Commerce and/or the Shanghai Free Trade Zone Management Committee. The announcement shows that Intuitive is registered in Switzerland and is a wholly-owned subsidiary of Intuitive Surgical Inc. Intuitive Surgical was established in 1995 as a company listed on the NASDAQ Stock Exchange. Fosun Pharma said that Intuitive Surgical is the world leader in R&D, manufacturing and marketing of minimally invasive surgical robotics. The Group has achieved outstanding results in the field of surgical robot distribution in the region. Through this investment cooperation, the Group and Intuitive Surgical will realize the concept integration of the brand and business, match the resources and complement each other's advantages, and promote the promotion and development of the Group's medical device business. LED600 Operating Theatre Lights Surgical Lamp,Surgical Lamp Light,Operating Surgery Light,Operation Surgery Light NINGBO MEDICAL EQUIPMENT CO.,LTD , https://www.techartmeds.com