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Golden Meditech Announces Interim Results of FY2009/10
Date:12/17/2009

inesses in order to capture the lucrative business opportunities arising from China's ongoing medical reform. The expansion into the key healthcare value chain is well in alignment with the Group's core competencies and resources. The Group recorded HK$16,699,000 of revenue and posted strong profits from its hospital management operations for the second quarter of this financial year.

In addition, the hospital management operations raised US$28 million (equivalent to HK$217 million) in private equity financing in October 2009, valuing the entire business at more than US$ 200 million. The money raised will be used for business development in the China hospital market.

The group reported total turnover of HK$131,593,000 in the first half of this financial year. Its gross profit margin was maintained at about 67.4%.

About Golden Meditech:

Golden Meditech was listed on the Stock Exchange of Hong Kong Limited (HKEX) in December 2001, as the first hi-tech medical device enterprise to go public outside of the PRC. Thanks to its great efforts in innovation and market expansion, as well as its first-mover abilities in capturing emerging market opportunities, Golden Meditech's medical devices, cord blood banking services and innovative natural herbal medicines have all established dominant positions in their own sectors over the past years. Going forward, Golden Meditech will continue its strategy of becoming China's leading integrated medical group through organic growth, acquisitions and strategic investments.

    For further information, please contact:

    Golden Meditech Company Limited
     Investor Relations Division
     Add:   48/F, Bank of China Tower, 1 Garden Road, Central, Hong Kong
     Tel:   +852-3605-8138
     Fax:   +852-3605-8181
     Email: 
SOURCE Golden Meditech Company Limited
Copyright©2009 PR Newswire.
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