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Shinva Medical Instrument adjusts share issuance plan for stake acquisition and fund raising


Tuesday, 5 Aug 2014 08:00pm EDT 

Shinva Medical Instrument Co Ltd:To issue 5,593,797 shares at 39.66 yuan per share to 10 individuals and 2 companies, in exchange for 51 pct stake in a Chengdu-based medical equipment company (target company).To pay cash 147,900,000 yuan to 10 individuals and 3 companies in exchange of 34 pct stake in the target company.Transaction price valued at 369,750,000 yuan.To issue no more than 3,452,380 shares at no less than 35.70 yuan per share through private placement, to raise up to 123,250,000 yuan.The proceeds will be used for the stake acquisition. 

Company Quote

34.54
-0.69 -1.96%
10:29pm EST