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MicroPort Scientific ( (HK:0853) ) has provided an update.
MicroPort Scientific Corporation has announced the proposed disposal of 290,670,408 shares by its substantial shareholder, Otsuka Medical Devices Co., Ltd. The shares are to be acquired by various purchasers, including a fund managed by Shanghai SIIC Capital Management Co., Ltd. The board of MicroPort welcomes SIIC Capital as a strategic shareholder, anticipating that its involvement will support the company’s expansion, strategic mergers and acquisitions, and enhance corporate governance. This move is expected to bolster MicroPort’s core businesses and facilitate its growth and innovation in the healthcare sector.
The most recent analyst rating on (HK:0853) stock is a Hold with a HK$7.30 price target. To see the full list of analyst forecasts on MicroPort Scientific stock, see the HK:0853 Stock Forecast page.
More about MicroPort Scientific
MicroPort Scientific Corporation is a company incorporated in the Cayman Islands, focusing on healthcare and medical devices. The company operates globally, with a strategic emphasis on innovation and high-quality development in the healthcare industry.
Average Trading Volume: 25,569,107
Technical Sentiment Signal: Buy
Current Market Cap: HK$19.35B
See more data about 0853 stock on TipRanks’ Stock Analysis page.