Navigation Links
Golden Meditech Repurchases Shares
Date:12/21/2011

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:  

+852-3605-8180Fax:  

+852-3605-8181Email:

ir@goldenmeditech.com
'/>"/>

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:
*Name:
*Comment:
*Email:
(Date:6/24/2016)... , June 24, 2016 Research and ... Market for Companion Diagnostic Tests" report to their offering. ... for Companion Diagnostics The World Market for ... personalized medicine diagnostics. Market analysis in the report includes the ... Market (In Vitro Diagnostic Kits) by Region (N. America, EU, ...
(Date:6/24/2016)... , Belgium , June 24, ... VNRX), today announced the appointment of Dr. ... Directors as a Non-Executive Director, effective June 23, ... Audit, Compensation and Nominations and Governance Committees.  As ... Futcher will provide independent expertise and strategic counsel ...
(Date:6/23/2016)... June 23, 2016 Research and Markets ... Market - Forecast to 2022" report to their offering. ... method for the patients with kidney failure, it replaces the ... from the patient,s blood and thus the treatment helps to ... chloride in balance. Increasing number of ESRD ...
Breaking Medicine Technology:
(Date:6/26/2016)... (PRWEB) , ... June 27, 2016 , ... Quality metrics ... yet in many ways they remain in the eye of the beholder, according to ... a publication of The American Journal of Managed Care. For the full issue, ...
(Date:6/26/2016)... ... ... legally blind and certified personal trainer is helping to develop a weight loss fitness plan ... fix the two major problems leading the fitness industry today:, , ... They don’t eliminate all the reasons people quit their exercise program ...
(Date:6/25/2016)... (PRWEB) , ... June 25, 2016 , ... The temporary closing of Bruton Memorial Library ... City Observer , brings up a new, often overlooked aspect of head lice: the parasite’s ... for fumigation is not a common occurrence, but a necessary one in the event that ...
(Date:6/25/2016)... ... June 25, 2016 , ... ... non-athletes recover from injury. Recently, he has implemented orthobiologic procedures as a method ... —Johnson is one of the first doctors to perform the treatment. Orthobiologics are ...
(Date:6/24/2016)... ... June 24, 2016 , ... Those who have experienced traumatic events may suffer ... unhealthy avenues, such as drug or alcohol abuse, as a coping mechanism. To avoid ... healthy coping following a traumatic event. , Trauma sufferers tend to feel a range ...
Breaking Medicine News(10 mins):