Is Shanghai Kedu Medical going out of business?

Shanghai Kedu Medical is not closed down. Shanghai Kedu Medical, a medical equipment management service company, recently announced the completion of nearly $60 million in Series C financing, which was led by China Merchants Capital, followed by Singapore Dahua Venture Capital, Israel Infineon, Huade International Financial Holdings Co., Ltd. and Maorong Investment. It is understood that this is by far the largest financing in the field of medical equipment services in China. So it won't go bankrupt.