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India

PW Medtech Group Ltd (1358.HK)

1358.HK on Hong Kong Stock

1.74HKD
21 Aug 2018
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Latest Key Developments (Source: Significant Developments)

China Biologic agrees to acquire Tianxinfu from PWM
Thursday, 12 Oct 2017 

Oct 12 (Reuters) - China Biologic Products Holdings Inc :China Biologic agrees to acquire Tianxinfu from PWM.China Biologic Products Holdings Inc - ‍It has agreed to acquire 80% equity interest in Tianxinfu (Beijing) Medical Appliance Co., Ltd​.China Biologic Products - ‍In exchange for acquisition of 80% equity interest in Tianxinfu from PWM, Cbpo will issue 5.5 million ordinary shares to PWM​.China Biologic Products - ‍PWM is expected to hold approximately 16.66% of outstanding share capital of Cbpo taking into effect new issuance​ post deal.China Biologic Products - Board determined to exempt deal from causing PWM to be deemed "acquiring person" under CBPO's preferred shares rights agreement​.China Biologic Products Holdings Inc - ‍Acquire 80% equity interest in Tianxinfu from PW Medtech Group Limited​.China Biologic Products - ‍CBPO elected to be exempted from shareholder approval requirement under applicable rules of nasdaq market for proposed deal.China Biologic Products Holdings - ‍Elected to be exempted from shareholder approval requirement under applicable rules of Nasdaq stock market for deal.China Biologic Products Holdings Inc - ‍Post deal close, PWM expected to hold about 16.66% of share capital of co taking into effect new issuance​.  Full Article

PW Medtech Group says co & CBPO entered into share exchange agreement​
Thursday, 12 Oct 2017 

Oct 12 (Reuters) - PW Medtech Group Ltd <1358.HK>:Co & CBPO entered into share exchange agreement​.Acquisition & disposal relating to proposed subscription for CBPO shares in consideration of disposal business​.Deal for consideration of about US$513.45 million​.  Full Article

PW Medtech Group proposes a possible spin-off
Monday, 24 Jul 2017 

July 24 (Reuters) - PW Medtech Group Ltd <1358.HK>::Proposes a possible spin-off and separate listing of spin-off company on a share stock exchange.Expected that upon completion of proposed spin-off & proposed a shares issuance, co will have interest of not less than 68 pct in spin-off co.No formal application for proposed spin-off and proposed a shares issuance has been filed with relevant regulatory authorities in PRC.  Full Article