The JV Company will manufacture the HIFU machine, while the medical team at Shanghai Longjian Hospital Management (Shanghai Longjian) will oversee the machines’ medical services such as medical training, remote surgery guidance, and purchase material.
SINGAPORE (June 9): OEL (Holdings), the provider of various engineering, trading, and contracting solutions, has entered into a joint venture agreement (JVA) with Shanghai Suntec to manufacture and market High-Intensity Focused Ultrasound (HIFU) machines on Tuesday.
Both companies will jointly manufacture and distribute the machines, as well as provide installation, medical, and equipment after-sales services under its joint venture company in Singapore (JV Company).
