New Issue: China Medical sells upsized 6.4 million ADS at $15 each, at middle of $14-$16 range

By Ronda Fears

Nashville, Aug. 10 - China Medical Technologies Inc. priced an upsized initial public offering of 6.4 million American Depositary Shares at $15 each - at the middle of the proposed range of $14 to $16 a share - via bookrunner UBS Investment Bank.

The issue was boosted from 5 million American Depositary Shares.

Beijing-based China Medical, which develops ultrasound equipment to treat cancers and tumors, will use proceeds for equipment, sales and marketing, research and development and licensing payments.

Issuer:	China Medical Technologies Inc.
Issue:	Follow-on stock offering
Gross proceeds:	$96 million
Shares:	6.4 million American Depositary Shares, up from 5 million
Greenshoe:	960,000 American Depositary Shares, up from 750,000
Price:	$15 per share
Price range:	$14 to $16
Bookrunner:	UBS Investment Bank
Pricing date:	Aug. 9
Settlement date:	Aug. 16
Ticker:	CMED
Stock price:	$15.00 at close Aug. 9

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