Shenzhen Glory Medical Co., Ltd. announced that it expects to receive CNY 580 million in funding
April 27, 2020
Share
Shenzhen Glory Medical Co., Ltd. (SZSE:002551) announced a private placement of up to 246,055,429 common shares for gross proceeds of up to CNY 580,000,000 on April 28, 2020. The shares will be issued at price not less than 80% of the average price in the 20 trading days before the pricing reference date. The transaction will include participation from up to 35 investors. The shares issued cannot be transferred within 6 months from the closing date of the transaction. The transaction has been approved in the 5th meeting of the company's 6th directorate and subject to approval in shareholders meeting and China Securities Regulatory Commission.
Shenzhen Glory Medical Co., Ltd. is a China-based company principally engaged in the provision of modern hospital construction overall solutions. The Company operates its businesses through three segments. The Overall Construction segment is mainly engaged in construction engineering, medical professional engineering, equipment configuration and software development, as well as the provision of design services. The Medical Equipment segment is engaged in the provision of medical facilities and medical supplies. The Hospital Logistics Management Services segment is engaged in the provision of hospital logistics management services. The Hospital Investment Management segment is engaged in the investment, construction and management of hospitals. The Company conducts its businesses within domestic and overseas markets.
SHENZHEN GLORY MEDICAL CO.,LTD. 
