Demant acquires remaining 80% of Shengwang, completing acquisition

The Danish hearing aid giant bought 20% of shares in the Chinese hearing aid clinic network in March, and has now acquired the rest.
Søren Nielsen, CEO of Demant | Photo: Kenneth Lysbjerg Koustrup/Jyllands-Posten/Ritzau Scanpix
Søren Nielsen, CEO of Demant | Photo: Kenneth Lysbjerg Koustrup/Jyllands-Posten/Ritzau Scanpix
by marketwire, translated by daniel pedersen

Demant has purchased the remaining 80% of shares in Shenwang, a network of hearing aid clinics in China, which was all that was needed for the hearing aid manufacturer to call itself the sole owner of the Chinese company, according to a press release.

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