Navigation Links
Golden Meditech Proposes Open Offer to Eligible Shareholders to Subscribe One Offer Share for Every Two Shares Held
Date:11/19/2013

HONG KONG, Nov. 19, 2013 /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 proposes a share issue to existing shareholders by way of an open offer on the basis of one offer share for every two shares held at the subscription price of HK$0.50 per offer share. Existing shareholders have the right to apply for excess shares that are not taken up and those shares will be allocated on pro rata basis of their shareholdings on the record date. 

The open offer is underwritten by the Company's three largest shareholders, Bio Garden, Jayhawk Capital and Hope Sky, and each of them respectively holds approximately 19.50%, 15.91% and 18.10% of the issued share capital of the Company as of today. Shareholdings of each of them will increase to 25.11%, 20.49% and 23.30% respectively if no other open offer shares are subscribed by the eligible shareholders. In return, each of the underwriters will be paid at 1.5% of the aggregate subscription price of the shares underwritten by them.   

Mr. Kam Yuen, Chairman and Chief Executive Officer of Golden Meditech said, "We are glad that the other substantial shareholders share the management's view on the prospect of healthcare industry in China and are willing to subscribe their entitlement and undertake those offer shares not taken up by existing shareholders. The open offer will allow the existing shareholders to subscribe shares at a discount to the market, and the net proceeds will strengthen the Company's financial position for any emerging opportunities." Mr. Kam continued, "The Mainland Chinese government is pursuing sustainable long-term economic growth and solid social welfare development through deepening economic and healthcare reform. This is believed to contribute lasting benefits to the growth of healthcare industry and Golden Meditech is well-positioned to capture the arising opportunities. This open offer will allow the Company to move more quickly to capitalize on the exciting new business opportunities with a view to enhancing shareholders' value."

About Golden Meditech Holdings Limited

Golden Meditech Holdings Limited (http://www.goldenmeditech.com) 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.


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

Related medicine technology :

1. Golden Meditech Holdings Limited Announces 2011/ 2012 Annual Results
2. Golden Seeds Invests In DxUpClose, Disruptive Technology That Performs An Antibiotic Sensitivity Test At The Patients Bedside In Less Than An Hour
3. Golden Meditech Holdings Limited Announces Updates on Medical Devices Subsidiary Latest Development
4. Golden Meditech Announces 2012 / 2013 Interim Results
5. Blue Belt Technologies Announces Golden Jubilee National Hospital Completes Initial NavioPFS Unicondylar Knee Replacement Surgery
6. Blue Belt Technologies annonce que le Golden Jubilee National Hospital a réalisé la première opération NavioPFS darthroplastie unicondylaire du genou
7. Will Brazil, Russia, India and China Ever Become the Golden Goose of the Future for Life Science and Medical Device Companies?
8. Zynx Health Launches Unrivaled MEDITECH Integration for Evidence-based Care Plans
9. Three New Health Systems Integrate Hyland Softwares OnBase with Meditech Hospital Information System
10. Freedom Meditech to Provide Live Demonstration of ClearPath DS-120 Eye Scan at the 13th Annual Diabetes Technology Meeting
11. FDA Proposes Unique Device Identification Regulations for Medical Devices
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/8/2016)... NEW YORK , Feb. 8, 2016 /PRNewswire/ ... market, today announces its first male sexual enhancement ... enhancement, EnduramenT combines proven ethnobotanicals with a patented ... of nitric oxide, the chemical compound responsible for ... Forgoing the ...
(Date:2/8/2016)... , Feb. 8, 2016  Echo Therapeutics, ... device company focused on non-invasive continuous glucose ... today announced that it will host a ... 17, 2015 at 9:00 a.m. Eastern Time ... its corporate strategy, advancements in its CGM ...
(Date:2/8/2016)... In a historic vote among its members this weekend, the ... cannabis cultivation facility and dispensary on tribal land near Southampton ... as a provider for patients in the state,s Medical Cannabis Program. ... provider for patients in the state,s Medical Cannabis Program. --> ... project and pursue designation from the State of New York ...
Breaking Medicine Technology:
(Date:2/9/2016)... ... , ... Establishment Labs, a global breast implant and medical technology company, is ... Directors. , “We are honored to welcome David to our Board of ... Chacon Quiros, CEO of Establishment Labs. "David’s knowledge and experience will be invaluable to ...
(Date:2/9/2016)... ... , ... Dr. Rassouli, cosmetic dentist in Orange County , is now ... cosmetic procedures in dentistry today, but the cost often leads to patients looking to ... teeth whitening-related damage. For a limited time, Dr. Rassouli is offering this special whitening ...
(Date:2/9/2016)... (PRWEB) , ... February 09, 2016 , ... Two renowned ... to lead a photographic adventure on the island, June 14-19, 2016, hosted by Four ... series. , After a successful debut in 2015, the Maui Photo ...
(Date:2/9/2016)... ... , ... Shark Finds and Kevin Harrington, and the Product Managers of AsSeenOnTV.pro are ... a newly patented product that has solved some of the basic problems golfers have faced ... dew or right after a rain shower, might understand the struggle of placing the club ...
(Date:2/8/2016)... (PRWEB) , ... February 08, 2016 , ... ... authorization with BASF Human Nutrition into the Food & Beverage and ... has been BASF’s channel partner throughout Canada and USA geographies east of the ...
Breaking Medicine News(10 mins):