Brief: Milestone Medical announces changes in shareholding structure

Milestone Scientific

20/04/2016 10:35

April 20 (Reuters) - Milestone Medical Inc.  MMD.WA : 
    * Said on Tuesday that on April 15, under a share exchange 
agreement, Milestone Scientific Inc  MLSS.A  acquired 8,180,050 
shares of Milestone Medical Inc 
    * 8,180,050 shares represent 37.18 pct of total number of 
votes on Milestone Medical's general meeting of shareholders 
    * At present, Milestone Scientific Inc holds 19,175,000 
shares of Milestone Medical constituting 87 percent of total 
number of votes 
    * On April 18, Wand Tao transferred all 2,600,000 shares 
held in Milestone Medical representing 11.82 pct of total number 
of votes on Milestone Medical's general meeting of shareholders 
    * On April 18, Zhang Lidong transferred all 2,000,000 shares 
held in Milestone Medical representing 9.09 pct of total number 
of votes on Milestone Medical's general meeting of shareholders 
    * On April 18, Zhu Yun transferred all 1,600,000 shares held 
in Milestone Medical representing 7.27 pct of total number of 
votes on Milestone Medical's general meeting of shareholders 
    * Zhu Yun sold 1,600,000 company's shares for the average 
price of $0.83 per share (total $1.3 million) result of share 
exchange agreement regarding 800,000 shares in Milestone 
Scientific, Inc 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM1932508  urn:newsml:reuters.com:*:nEM1932510 
     
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