Shinva Medical Instrument and GE Healthcare will form a medical device JV, called Xinhua GE Medical Systems, with a total investment of $25 million. The new company will focus on diagnostic X-ray equipment and be involved in R&D, manufacturing and sales. It will also develop additional equipment and software. Under the agreement, Shinva will hold a 51% stake of the new company, and GE will hold the remaining 49%. More details...

Stock Symbols: (SHA: 600587) (NYSE: GE)