Brief: Microport Scientific Announces Investment In Microport Neurotech Limited
11/11/2021 01:06
Nov 11 (Reuters) - Microport Scientific Corp 0853.HK :
* GROUP OF INVESTORS TO SUBSCRIBE FOR 2.0 MILLION NEWLY
ISSUED
SERIES A PREFERRED SHARES OF UNIT AT AGGREGATE ABOUT US$31.26
MILLION
* UNIT TO TRANSFER 7.7 MILLION ORDINARY SHARES IN MICROPORT
NEUROTECH TO INVESTORS FOR US$118.74 MILLION
* UPON COMPLETION OF TRANSACTIONS, POST-INVESTMENT VALUATION
OF
MICROPORT NEUROTECH WILL BE ABOUT US$1.75 BILLION
Source text for Eikon: ID:nHKS4FPK4D
Further company coverage: 0853.HK
((Reuters.Briefs@thomsonreuters.com;))
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