Brief: Microport Scientific Updates On Proposed Spin-Off & Separate Listing Of Shanghai Microport Medbot

MicroPort Scientific

21/10/2021 01:51

Oct 21 (Reuters) - Microport Scientific Corp  0853.HK :
    * UPDATES ON PROPOSED SPIN-OFF AND SEPARATE LISTING OF
SHANGHAI
MICROPORT MEDBOT (GROUP)
    * IF PROPOSED SPIN-OFF AND LISTING DOES NOT PROCEED FOR ANY
REASON, PREFERENTIAL OFFERING WILL NOT PROCEED
    * TOTAL NUMBER OF SPINCO SHARES TO BE OFFERED IN GLOBAL
OFFERING
WILL BE 36.2 MILLION (ASSUMING OVER-ALLOTMENT OPTION IS NOT
EXERCISED)
    * OFFER PRICE FOR SPINCO IN GLOBAL OFFERING EXPECTED TO BE
BETWEEN
HK$36.00/SPINCO SHARE AND HK$43.20/SPINCO SHARE

Source text for Eikon:  ID:nHKSbJq3CC 
Further company coverage:  0853.HK 

 ((Reuters.Briefs@thomsonreuters.com;))