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Provider : Sadif Analytics Prime

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Shinva Medical Instrument Co Ltd updates new shares issuance for equity acquisition and fund raising

Tuesday, 3 Dec 2013 07:00pm EST 

Shinva Medical Instrument Co Ltd:Says it will issue 7,995,913 A shares of common stock with par value of 1.00 yuan per share at 39.22 yuan per share, to 18 individuals including Wang Bo and an investment company, to exchange for a combined 80 pct stake in a Shanghai-based pharmaceutical equipment production company (company A).Says the company will also purchase a combined 10 pct stake in company A from Xu Zhonghua, Niu Yajun and Wang Shuai in cash.Says the total consideration of the 90 pct stake in company A is 352.8 million yuan.Says the company will issue up to 2,961,280 A shares to another 10 investors at not less than 35.30 yuan per share in private placement, to raise up to 104,533,320 yuan. 

Company Quote

1.46 +5.04%
28 Aug 2015