Genetron surges on $126 mln deal to go private

Genetron Holdings

12/10/2023 13:21

** U.S.-listed shares of Chinese cancer test maker Genetron
Holdings  GTH.O  rise ~25.5% to $1.18 premarket
    ** Co says it will go private after merging with parent
company New Genetron Holding Limited and its subsidiary Genetron
New Co Limited for about $126 mln 
    ** The merger will be funded by a consortium that includes
investment companies like CICC Healthcare and Wuxi Guolian
    ** The consortium intends to fund the merger through a
combination of cash payments and equity contributions from the
rollover shareholders
    ** Up to last close, shares down 16.1% YTD

 (Reporting by Christy Santhosh)
 ((Christy.Santhosh@thomsonreuters.com))