Golden Meditech's Associate Company Listed on NYSE Main Board
November 19 2009 - 3:16PM
PR Newswire (US)
Hong Kong, Nov. 19 /PRNewswire-Asia/ -- China's leading high-tech
healthcare group, Golden Meditech Company Limited ("Golden
Meditech" or "the Group"; Stock Code: 0801.HK) is pleased to
announce today that the Group's associate company China Cord Blood
Corporation ("CCBC," NYSE: CO) has been listed on the New York
Stock Exchange main board (NYSE) under the ticker symbol "CO" after
a successful secondary offering. The shares of CCBC started trading
at 9:30 am (Eastern Time) on November 19, 2009. As of today, Golden
Meditech holds 44% of CCBC. Based on the offering price of US$6.05
per share, our holding is valued at US$176 million. As the first
umbilical cord blood bank operator in China, CCBC pioneered the
commercialization of cord blood storage services in 2003. Over the
past six years, CCBC has developed into the largest cord blood bank
operator in China in terms of geographical coverage, with exclusive
operations in both Beijing and Guangdong Province. In addition,
CCBC also owns cord blood bank operations in India, Indonesia,
Singapore, the Philippines, Malaysia, China Hong Kong and Australia
through an associate company, which makes CCBC the largest cord
blood bank in the world in term of total addressable population,
geographic coverage, and ethnic groups served. Investors responded
positively to this offering. CCBC issued 3.3 million ordinary
shares and raised US$20 million dollars. The offering was handled
by renowned investment banks Macquarie Bank and Roadman &
Renshaw which are the co-sponsors and co-lead underwriters for this
offering. Mr. KAM Yuen, Chairman and CEO of Golden Meditech, said,
"The successful listing of CCBC on the NYSE represents another
successful investment that the Golden Meditech management team has
made in China's healthcare industry over the past years. It not
only signifies the Group's strong execution capability, but also
unlocks the value of the underlying business for our shareholders."
Golden Meditech: Golden Meditech was listed on the Growth
Enterprise Market of the Stock Exchange of Hong Kong Limited (HKEX)
in December 2001, as the first hi-tech medical device enterprise
that went public outside of the PRC. It was admitted to the main
board in June 2009. During the past few years, thanks to its great
efforts in innovation and market expansion, as well as its
first-mover abilities in capturing the emerging market
opportunities, Golden Meditech's medical devices, cord blood
banking services and innovative natural herbal medicines have all
established dominant positions in their own sectors. Going forward,
Golden Meditech will continue its pursuit of becoming China's
leading integrated medical group through organic growth,
acquisitions and strategic investments. For more information,
please contact: Investor Relations Division, Golden Meditech
Company Limited Address: 48/F, Bank of China Tower, 1 Garden Road,
Central, Hong Kong Tel: +852-3605-8138 Fax: +852-3605-8181 Email:
DATASOURCE: Golden Meditech Company Limited CONTACT: Investor
Relations Division, Golden Meditech Company Limited,
+852-3605-8138, Fax +852-3605-8181, or
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