Shanghai INT Medical Instruments to Raise HK$915 Million via Discounted H-Share Placing

Shanghai Kindly Medical Instruments Co., Ltd. Class H ( (HK:1501) ) has issued an update.

Shanghai INT Medical Instruments Co., Ltd. has entered into a placing agreement with joint placing agents to issue 35.2 million new H shares under its general mandate at HK$26.00 per share, a discount to recent market prices, to a group of at least six independent professional, institutional, corporate or other investors, none of whom is expected to become a substantial shareholder after completion. The offering, which will expand the company’s issued H share capital by about a quarter and raise approximately HK$915.2 million in gross proceeds (HK$884.31 million net), is intended to strengthen the company’s capital base and provide funds for its stated business purposes, though the discounted pricing implies near-term dilution for existing shareholders while potentially enhancing financial flexibility and supporting future growth initiatives.

The most recent analyst rating on (HK:1501) stock is a Buy with a HK$35.00 price target. To see the full list of analyst forecasts on Shanghai Kindly Medical Instruments Co., Ltd. Class H stock, see the HK:1501 Stock Forecast page.

More about Shanghai Kindly Medical Instruments Co., Ltd. Class H

Shanghai INT Medical Instruments Co., Ltd. is a PRC-incorporated medical device company whose H shares are listed in Hong Kong, operating in the medical instruments industry and catering mainly to professional, institutional and corporate investors in the capital markets for its funding needs.

Average Trading Volume: 35,445

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$5.46B

For an in-depth examination of 1501 stock, go to TipRanks’ Overview page.