Jinhai Medical raises HK$162m through share subscriptions

Jinhai Medical Technology Limited will issue 120 million new shares to three independent private investors at HK$1.35 per share, raising HK$162 million.

The shares were priced at a 17.68% discount to the July 11 closing price. Net proceeds of approximately HK$161 million will fund potential mergers and acquisitions, research and development, and working capital.