On the morning of March 30, MedGence, Guangdong Traditional Chinese Medicine Fund (TCMHF) and Hygeia Capital signed an investment agreement of over 100 million yuan together in Changsha, Hunan. This round of financing was led by Guangdong TCM Great Health Fund, with Wyger Capital as a co-participant. The signing of this agreement signifies that MedGence has entered a new important development stage. MedGence will work together with Guangdong Taditional Chinese Medicine Fund (TCMHF) and Hygeia Capital to carry out all-round, multi-level and in-depth cooperation in R&D of traditional Chinese medicine and traditional Chinese medicine health industry, to mutually empower each other and to write a whole new chapter in the development of Chinese medicine in China.
Yi Yueneng, Chairman of MedGence
Liu Jiangbo, Chairman of Guangdong Traditional Chinese Medicine Health Fund (TCMHF)
Wang Kai, Managing partner of Hygeia Capital
Luo Shehui, deputy direator of Hunan Xiangjiang New Area Administrative Committee
Post time: Jun-24-2023