Australia's Paragon Care surges; To raise $33 mln through China Pioneer Pharma

Shanghai Pioneer Holding

27/08/2018 02:18

** Shares of medical equipment supplier Paragon Care Ltd
 PGC.AX  rise as much as 11 pct to a 2-mth high of A$0.86
    ** Co says it will place 50.4 mln shares at A$0.91 each with
Hong Kong-listed China Pioneer Pharma Holdings Ltd  1345.HK  to
raise A$45.2 mln ($33.07 mln)  urn:newsml:reuters.com:*:nASX3F0dv5
    ** Co says FY profit after tax from continuing operations
rises to A$11 mln from A$10.2 mln, FY revenue rises to A$136.7
mln from A$117.2 mln  urn:newsml:reuters.com:*:nASX7dPYqk
    ** Stock sees best intraday session in more than 1 year
    ** More than 2.5 mln shares change hands, compared to 30-day
avg vol of 329,200 shares


($1 = 1.3669 Australian dollars)

 ((Ambar.Warrick@thomsonreuters.com; +91-80-6749-6625; Reuters
Messaging: ambar.warrick.thomsonreuters.com@reuters.net))