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BEIJING BESTMED BUYS INTO AUSTRALIA’S COMPUMEDICS
June 3, 2013
BEIJING – Australia’s Compumedics Limited (ASX: CMP) has completed a $500,000 funding round into the Company with Beijing Bestmed, its long-term distributor in China. Beijing Bestmed becomes one of Compumedics’ top 10 shareholders with a 2.9% holding. The investment is split between equity and short-term debt. David Burton, Chairman and CEO of Compumedics, says Compumedics and Bestmed have built a significant footprint in China that will further develop as the sleep diagnostics and neurology markets there continues to develop.