HK-listed Shanghai MicroPort MedBot jumps on China's listing plan

MicroPort Scientific

02/06/2022 04:39

** Shares of Chinese surgical robotic services group
Shanghai MicroPort MedBot (Group) Co Ltd  2252.HK  jump 6% to
HK$22.95, their biggest daily pct gain since May 17
    ** Co, backed by MicroPort Scientific Corp  0853.HK ,
proposes to offer up to 116.06 mln A shares in its listing on
the Sci-Tech Board in Shanghai, raising 2.8 bln yuan ($417.81
mln) for R&D of surgical robots and for replenishing working
capital (https://bit.ly/390TCpG)
    ** Shanghai MicroPort's shareholders will vote on the
proposal on June 21
    ** Stock of parent MicroPort Scientific  0853.HK  slips 1%
after 5 straight sessions of gains 
    ** Hang Seng Commerce & Industry Index  .HSNC  falls 2%, 
Hang Seng Composite Index tracking industrials  .HSCIIG  slips
0.6%, and Hang Seng Index  .HSI  falls 1.7%
    ** As of last close, stock of Shanghai MicroPort has dropped
63% this year
    

($1 = 6.7016 Chinese yuan)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))