Navigation Links
Golden Meditech Repurchases Shares

HONG KONG, Dec. 21, 2011 /PRNewswire-Asia-FirstCall/ -- Golden Meditech Holdings Limited ("Golden Meditech" or the "Group," - 801.HK; 910801.TW), China's leading integrated healthcare enterprise, today announced that the Group has repurchased a total of 9,940,000 shares in December 2011, equivalent to 0.49% of the Group's total outstanding shares at a weighted average price of HK$0.84 per share.Mr. KAM Yuen, Chairman and Chief Executive Officer of the Group, said, "Our recently announced interim results for the first six months of the financial year points to a positive outlook for our operations especially in the healthcare services segment, while our medical devices segment, being a leading name in the medical devices industry in China has also been performing in-line with our expectations.  As a result of a volatile global capitals market, however, we believe the Company's current share price do not adequately reflect the true value of the underlying operation.  Hence to reciprocate our shareholders, the Company has repurchased its shares from the open market.  We will continue to monitor our share price and undertake appropriate actions to repurchase shares when appropriate in consideration to the benefit of our shareholders.

Mr. Kam continued, "As the founding shareholder of the Company, my family and I have been accumulating the Company's shares from the market and now own 21.64%.  I believe that once the market stabilises, the intrinsic value of the Company's will be better reflected in its share price."

About Golden Meditech Holdings LimitedGolden Meditech Holdings Limited is China's leading integrated-healthcare devices and service operator, and the first medical device enterprise that was publicly listed outside of the PRC on the Stock Exchange of Hong Kong Limited (HKEx) and the Taiwan Stock Exchange (TSE).  Golden Meditech is a first-mover in China, having established dominant positions in medical devices and healthcare services markets over the years, 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 the Investor Relations Department:Golden Meditech Holdings LimitedAddress:

48/F, Bank of China Tower, 1 Garden Road, Central, Hong KongTel:  



SOURCE Golden Meditech Holdings Limited
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. HeartSine® Technologies Now Exclusive Provider of Lifesaving AEDs to Golden LivingCenters
2. Golden Meditech FY2011-12 Interim Results
3. Golden Meditech Chairman Increases Stake in Company
4. Golden Meditech Increase Stake in NYSE-listed Affiliate - China Cord Blood Corporation to 40.9%
5. Golden Meditech Disposes of 2.0% Stake in FunTalk China for US$15 Million
6. Golden Meditech Celebrates Grand Opening of Taiwan Representative Office
7. Golden Meditech FY2010-11 Annual Results
8. Golden Meditech Acquires Shanghai East International Medical Centre
9. Golden Meditech to Increase Stake in NYSE-listed Affiliate -- China Cord Blood Corporation to 39.5%
10. Golden Meditech Chairman Increases Stake in Company
11. Fenwal, Golden Meditech Complete Definitive Agreement to Form Joint Venture in China
Post Your Comments:
(Date:6/23/2016)... 2016 , , , WHEN: ... 2016 , , , , LOCATION: , , , Online, ... , , EXPERT PANELISTS:  , , , Frost & Sullivan,s Global ... Bird; Senior Industry Analyst, Divyaa Ravishankar and Unmesh Lal, Program Manager ... pharmaceutical industry is witnessing an exceptional era. Several new demand spaces, ...
(Date:6/23/2016)... and BOGOTA, Colombia , June 23, 2016  Astellas today announced the establishment of Astellas ... Brasil as the company,s second affiliate in Latin America . ... ... of Astellas Farma Colombia ... ...
(Date:6/23/2016)...  Guerbet announced today that it has been named ... . One of 12 suppliers to receive ... support of Premier members through exceptional local customer service ... to lower costs. ... outstanding customer service from Premier," says Massimo Carrara ...
Breaking Medicine Technology:
(Date:6/26/2016)... ... , ... Quality metrics are proliferating in cancer care, and are derived from ... of the beholder, according to experts who offered insights and commentary in the current ... For the full issue, click here . , For the American Society of ...
(Date:6/26/2016)... NC (PRWEB) , ... June 26, 2016 , ... Brent Kasmer, a legally blind and ... to be personalized through a fitness app. The fitness app plans to fix the two ... currently only offer a one size fits all type program , They don’t ...
(Date:6/25/2016)... ... ... Bruton Memorial Library on June 21 due to a possible lice infestation, as reported by ... lice: the parasite’s ability to live away from a human host, and to infest common ... the event that lice have simply gotten out of control. , As lice are a ...
(Date:6/25/2016)... ... June 25, 2016 , ... Dr. ... from injury. Recently, he has implemented orthobiologic procedures as a method for treating ... one of the first doctors to perform the treatment. Orthobiologics are substances that ...
(Date:6/24/2016)... ... June 24, 2016 , ... Those who have experienced traumatic events may ... to unhealthy avenues, such as drug or alcohol abuse, as a coping mechanism. To ... for healthy coping following a traumatic event. , Trauma sufferers tend to feel a ...
Breaking Medicine News(10 mins):