Sequoia China said on Oct 8 it completed at end-September a controlling
acquisition of Jiangyin Peier Technology Co., Ltd (PeierTech). Post-closing,
Sequoia China holds roughly 80% of PeierTech; the existing management retains
the remainder and will continue to run daily operations. Founded in 2002 and
Headquartered in Jiangyin, Jiangsu, PeierTech specializes in medical nitinol
materials, precision nitinol components and precision assembly services.