China Medical Technologies

China-based device company announces exercise of over-allotment option

Published in Health Business Week, September 30th, 2005

China Medical Technologies, Inc., (CMED) announced that the over-allotment option, as detailed in the company's initial public offering prospectus dated August 9, 2005, was exercised in full by UBS on August 29, 2005.

The over-allotment option of 960,000 American Depositary Shares, or ADSs, at US$15.00 per ADS complements the highly successful initial public offering by the company on August 15, 2005, when 6,400,000 ADS were issued.

As a result of the offering, including the over-allotment option, approximately 26.9 percent of the company's share capital is held publicly.

China Medical is a leading China-based medical-device...

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Source: Health Business Week (2005-09-30)

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