Printer Friendly
The Free Library
14,582,672 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

China Medical Announces Secondary Offering of 5,000,000 American Depositary Shares.


BEIJING -- China Medical Technologies, Inc. (the "Company") (Nasdaq: CMED CMED Coordinated Medical Emergency Direction
CMED Central Massachusetts Emergency Dispatch
), a leading China-based medical device company that develops, manufactures and markets high intensity focused ultrasound HIFU (high intensity focused ultrasound) (sometimes FUS or HIFUS) is a highly precise medical procedure using high-intensity focused ultrasound to heat and destroy pathogenic tissue rapidly.  products and advanced in-vitro diagnostic systems, today announced a secondary offering of 5,000,000 American depositary shares ("ADSs"), each representing ten ordinary shares, at a price to the public of US$25.50 per ADS. Golden Meditech (BVI) Company Ltd., General Electric International Operations Company, Inc. and Chengxuan International Ltd. are selling 2,200,000 ADSs, 1,800,000 ADSs and 1,000,000 ADSs, respectively. The Company will not receive any proceeds from the sale of ADSs by these selling shareholders. In addition, Chengxuan International Ltd., Neon Liberty Capital Management LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 and Golden Meditech (BVI) Company Ltd have granted to the underwriters an option to purchase up to an aggregate of additional 750,000 ADSs from them within 30 days from the date of the prospectus.

UBS AG and Credit Suisse are acting as joint bookrunners. CIBC World Markets CIBC World Markets is the investment banking division of the Canadian Imperial Bank of Commerce. It helps governments, large companies, and other large institutions obtain capital and credit and is a primary dealer in U.S. Treasury securities.  Corp. is acting as a co-manager in this offering.

Copies of the final prospectus relating to the offering may be obtained from UBS UBS Union Bank of Switzerland
UBS United Bible Societies
UBS United Blood Services
UBS United Buying Service
UBS Used Bookstore
UBS University Business Services
UBS Universal Building Society (UK)
UBS Ulaanbaatar Broadcasting System
 Investment Bank, Prospectus Department, 299 Park Avenue, New York, NY 10171, or Credit Suisse, Prospectus Department, Eleven Madison Avenue, New York, NY 10010.

A registration statement relating to these securities was filed and declared effective by the U.S. Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About China Medical Technologies, Inc.

China Medical Technologies, Inc. is a China-based medical device company that develops, manufactures and markets products in China using high intensity focused ultrasound, or HIFU HIFU High-intensity focused ultrasound Surgery A method that focuses ultrasound to heat/ablate target tissue without injuring surrounding structures. See Sonablate 200™. , for the treatment of solid cancers and benign tumors. China Medical believes that it is a leader in the design and development of HIFU tumor therapy devices in China. In addition, China Medical believes that it is the first China-based company to offer an advanced in-vitro diagnostics system, or IVD (Interactive VideoDisc) See interactive video.  system, using enhanced chemiluminescence, or ECLIA ECLIA Electrochemiluminescence Immunoassay , technology to detect and monitor various diseases and disorders through laboratory evaluation and analysis of blood, urine or other body fluids.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Mar 24, 2006
Words:395
Previous Article:Star Gas Resets Record Date for Rights Offering and Will Further Adjourn Special Meeting of Unitholders.
Next Article:United Bolero Corporate Update.
Topics:



Related Articles
Fresenius Medical Care - Exercise of Greenshoe.
Izasa: Majority Shareholder of Instrumentation Laboratory S.p.A Announces Going Private Tender Offer of U.S.$0.50 Per American Depositary Share.
Izasa Distribuciones Tecnicas S.A. Announces Its Extension of the Expiration Date of Its Tender Offer for American Depositary Shares of...
Izasa Distribuciones Tecnicas S.A. Waives Condition and Announces Its Extension of the Expiration Date of Its Tender Offer for American Depositary...
Izasa Distribuciones Tecnicas S.A. Announces Expiration of Its Tender Offer for American Depositary Shares of Instrumentation Laboratory S.p.A.
China Life initial public offering reaches $3.5 billion level.(Highlights from BestWeek)(China Life Insurance Co. Ltd. )
Diversified Canadian Financial Corp. Announces Redemption of its Class A Preferred Shares, Series 1.
Izasa Distribuciones Tecnicas S.A. Announces Its Extension of the Expiration Date of Its Tender Offer for American Depositary Shares of...
Mindray Announces Pricing of Initial Public Offering of Its American Depositary Shares.
Corgi International Limited Announces Shareholder Vote Reverse Stock Split, Divestiture, Acquisition, Management, Recapitalization and Share-related...

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles