Navigation Links
Golden Meditech Holdings Limited Announces Updates on Medical Devices Subsidiary Latest Development
Date:9/18/2012

HONG KONG, Sept. 18, 2012 /PRNewswire/ -- Golden Meditech Holdings Limited ("Golden Meditech", together with its subsidiaries collectively as the "Group", 801.HK; 910801.TW), a leading integrated healthcare enterprise in China has reached agreements with certain investors which invested in China Bright Group Co. Limited ("China Bright"), non-wholly-owned medical devices subsidiary of Golden Meditech in August 2010.  Under the revised agreements, the investors have agreed to expand the list of stock exchanges on which the securities of China Bright can be listed and to extend the initial public offering ("IPO") timeframe to 26 February 2014 for China Bright to seek appropriate listing opportunities under the current market conditions, and at the same time, Golden Meditech will increase its equity holding in China Bright to 80.37%. 

Mr. Kam Yuen, Chairman and Chief Executive Officer of Golden Meditech, said: "With the Chinese government pursuing to work for the betterment of medical practice, a number of favourable policies have been introduced, such as the 'Level III General Hospital Accreditation and Administration Standards' implemented by the Ministry of Health which demand hospital mangers to initiate autologous blood recovery programmes to alleviate surgical blood shortage. The demand for our key products, such as autologous blood recovery system is set to rise in the future to comply with these latest government developments."  Mr. Kam continued, "We consider that a separate listing of China Bright is in the best interests of the Group and the shareholders. This will allow China Bright to unlock its underlying value as well as seizing business opportunities elsewhere. The decision to extend the IPO timeframe has demonstrated commitment from investors over the value of China Bright amid market volatility. We will continue to monitor market conditions and launch the separate listing of China Bright at an appropriate time."

Notice of Conference Call

Golden Meditech will hold a conference call for analysts and investors to discuss the above-mentioned development on Wednesday, 19 September, 2012 at 8:00 pm HKT / 8:00 am EST.  To participate, please dial:

Hong Kong

Tel: + 852-2475-0994

China

Tel: 400-620-8038 or

       800-819-0121

International

Tel: 1-718-354-1231 or

       1-866-519-4004

Access code: 30636251

About Golden Meditech Holdings Limited

Golden Meditech Holdings Limited is China's leading integrated-healthcare enterprise. Golden Meditech is a first-mover in China, having established dominant positions in medical devices and healthcare services markets, thanks to its strengths in innovation and market expertise and the ability to capture emerging market opportunities. Going forward, the Group will continue to pursue a leading position in China's healthcare industry both through organic growth and strategic expansion.

For inquiries, please contact:

Golden Meditech Holdings Limited
Investor Relations Department
Tel: (852) 3605 8180
Fax: (852) 3605 8181
Email: ir@goldenmeditech.com


'/>"/>
SOURCE Golden Meditech Holdings Limited
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. Golden Seeds Invests In DxUpClose, Disruptive Technology That Performs An Antibiotic Sensitivity Test At The Patients Bedside In Less Than An Hour
2. Golden Meditech Holdings Limited Announces 2011/ 2012 Annual Results
3. China Kanghui Holdings Reports Second Quarter 2012 Financial Results
4. Zimmer Holdings to Present at Morgan Stanley 2012 Global Healthcare Conference
5. China Pharma Holdings, Inc. Reports Second Quarter 2012 Financial Results
6. RxAlly Member Pharmacies Invited To Become The Preferred Network For Smart Insurance Company Holdings, Inc.
7. InfuSystem Holdings, Inc. Reports $14.1 Million of Revenues for the Second Quarter of 2012; Announces Annualized Cost Savings in Excess of $1 million
8. China Pharma Holdings, Inc. to Report Second Quarter of Fiscal Year 2012 Financial Results on August 15, 2012
9. Medical Marijuana Inc. and Canipa Holdings Drive Dixie X and CanChew Gum Toward EU Marketing Approval And Clinical Development
10. AssuraMed(SM) Is The New Face Of HGI Global Holdings
11. China Kanghui Holdings to Report Second Quarter 2012 Financial Results
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/26/2016)... , June 26, 2016 ... care operating models within the health care industry is ... financial efficiency , Deloitte offers a suite of ... business issues impacting efficient cost optimization: labor resource analysis, ... These services facilitate better outcomes and better economics ...
(Date:6/24/2016)... , June 24, 2016 ... has announced the addition of the " Global ... This report ... provides an updated review, including its applications in various ... total market, which includes three main industries: pharmaceutical and ...
(Date:6/24/2016)... Research and Markets has announced the addition of the ... to their offering. ... World Market for Companion Diagnostics covers the world market for ... report includes the following: , World IVD ... (N. America, EU, ROW), 2015-2020 , World IVD Companion ...
Breaking Medicine Technology:
(Date:6/26/2016)... Cary, North Carolina (PRWEB) , ... June 26, 2016 , ... ... the release of a new product that was developed to enhance the health of ... harvested for centuries. , The two main herbs in the PawPaws Cat Kidney ...
(Date:6/25/2016)... ... June 25, 2016 , ... Austin residents seeking Mohs surgery services, can ... Surgery and to Dr. Russell Peckham for medical and surgical dermatology. , Dr. Dorsey ... cancer. The selective fellowship in Mohs Micrographic Surgery completed by Dr. Dorsey was under ...
(Date:6/25/2016)... ... , ... As a lifelong Southern Californian, Dr. Omkar Marathe earned his Bachelors ... Geffen School of Medicine at UCLA. He trained in Internal Medicine at Scripps Green ... hematology/oncology at the UCLA-Olive View-Cedars Sinai program where he had the opportunity to train ...
(Date:6/24/2016)... Los Angeles, CA (PRWEB) , ... June 24, 2016 , ... ... plastic surgery procedures that most people are unfamiliar with. The article goes on to ... known procedures, but also many of these less common operations such as calf and ...
(Date:6/24/2016)... ... June 24, 2016 , ... The Pulmonary Hypertension Association ... it will receive two significant new grants to support its work to advance ... 25th anniversary by recognizing patients, medical professionals and scientists for their work in ...
Breaking Medicine News(10 mins):