Medical has been Lugee LI's forte. He has plenty of patents in the field.
This joint venture comes with no surprise but the partner is surprisingly strong.
It you look at the new partner "ANKE", its product line is comparable to Siemens. It contains "first of every medical equipment" in China if one look at its history. Its root was joint venture with ANALOGIC from US in Mobile CT.
Remember Lugee Li took out more than $100 million out in past summer. He clearly has more in mind than just LQMT.
Note he did return some funds back to the "financial institution" to lower the "leveraging" ratio in Eontec.
It's not clear to me how CoNextions relationship will play out. It will be a tricky friend and/or foe type of situation.
With Eontec, he now has CIP and his own patents for medical to cover Asia via cross license deal
Arguably he has the same technology for rest of the world also (via LQMT)
With his national connection, I anticipate serious subsidization from the country.
Lugee Li clearly is "planting seed" for long term play. I don't see any near term "scrambling" within his new global empire entities.
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