AK Medical seals HK$803m top-up on stock price surge
AK Medical Holdings has raised HK$803m ($103m) from a top-up placement of new shares that was launched on the back of a near 80% jump in its stock price year-to-date.
The Chinese company designs, develops and manufactures orthopedic implants. It reached out to investors on Thursday to raise general working capital.The issuer came looking to sell 53.5m shares at HK$14.65 to HK$15.15 each, eyeing proceeds of HK$783.8m to HK$810.5m. Sole placing agent Goldman Sachs launched an accelerated ...
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