Chinese language Life Sciences Firm Lepu Medical Know-how Lists Its GDRs on SIX Swiss Trade

In the present day, Lepu Medical Know-how (Ticker “LEPU”) turns into the fifth firm to checklist International Depository Receipts (GDRs) on SIX Swiss Trade because the launch of “China-Switzerland Inventory Join” in July this 12 months.

Lepu Medical Know-how has positioned 17,684,396 GDRs at a suggestion worth of USD 12.68 per GDR, with one GDR representing an curiosity in 5 A shares of the corporate. The corporate has raised gross proceeds of roughly USD 224 million from the providing.

Beijing-based Lepu Medical Know-how was established in 1999 and went public in 2009 on Shenzhen Inventory Trade. The corporate is specialised within the improvement, manufacture and advertising and marketing of high-tech medical units and tools. Its merchandise are used within the fields of cardiovascular interventions, structural coronary heart ailments, cardiac rhythm administration, anesthesia and demanding care, in vitro diagnostics and normal surgical procedure and are offered in additional than 80 international locations worldwide.

Dr. PU Zhongjie, Chairman of the Board and Head of Know-how of Lepu Medical Know-how says: “We’re delighted to finish our GDR providing and itemizing on SIX Swiss Trade at present. That is the beginning of a brand new and thrilling chapter for us at Lepu Medical. We stay up for connecting extra deeply with international traders and companions, and bringing our modern heart problems administration options to extra components of the world.”

Jos Dijsselhof, CEO SIX, emphasizes: “We’re delighted to welcome Lepu Medical Know-how to our trade at present. We see a excessive curiosity for GDR-listings from Chinese language firms – up to now particularly from the sectors renewable power and life sciences. This can be a nice proof of the attractiveness of SIX Swiss Trade for internationally lively, growth-seeking firms. I’m satisfied that with at present’s itemizing of its GDRs, Lepu Medical Know-how is taking a decisive step in direction of its worldwide growth in addition to additional elevating its profile globally.”

Extra details about the corporate is on the market right here.