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Shanghai Kinetic Medical Co Ltd to Issue New Shares for Equity Acquisition and Fund Raising


Tuesday, 12 Nov 2013 07:00pm EST 

Shanghai Kinetic Medical Co Ltd announced that it will acquire an 80% stake in a Jiangsu-based medical technology company from a Zhangjiagang-based medical equipment company and three individuals for RMB 528 million in total through new shares issuance and cash payment. For the cash payment, the Company will pay RMB 198 million. And for the new shares issuance, the Company will issue 7,984,515 new shares of its common stock for RMB 41.33 per share. In addition, the Company will also issue up to 4,731,183 new shares of its common stock for not less than RMB 37.20 per share, to raise up to RMB 176 million in total through a private placement. 

Company Quote

31.22
-0.3 -0.95%
5 Aug 2014