Mergers & Acquisitions ·
Jin Medical International Ltd. completed a VIE control acquisition of Beijing Tongsheng Technology Co., Ltd. on July…
ZJYLJin Medical International Ltd.
Jin Medical International Ltd. completed a VIE control acquisition of Beijing Tongsheng Technology Co., Ltd. on July 21, 2026, issuing 64,186,456 Class A Ordinary Shares to the seller and 6,418,646 shares for financial advisory services. The company also reported unaudited first-half fiscal year 2026 results showing total revenue of $8.9 million, a 9.7% decrease from the prior year period, driven by lower sales to its largest Japanese customer and discontinued electric scooter sales due to regulatory qualification issues. Gross margin improved to 26.9% as operating expenses rose to $3.0 million, resulting in a net loss of $0.2 million compared to a net income of $0.01 million previously. The company maintains $9.1 million in cash and $21.0 million in short-term investments while executing a 1-for-20 reverse stock split effective March 16, 2026. Jin Medical International Ltd. operates in the medical equipment industry, designing, manufacturing, and selling wheelchairs and living aids for people with disabilities.