Chinese diagnostic lab Adicon to raise $52 million in global offering

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Chinese diagnostic lab Adicon to raise $52 million in global offering
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Chinese diagnostic lab company Adicon Holdings Ltd on Monday said it will raise HK$408.9 million ($52.29 million) via a global offering through the issuance of 33.2 million shares.The shares will be priced at HK$12.32, the company said. The global offering will comprise about 3.3 million or 1

Chinese diagnostic lab company Adicon Holdings Ltd on Monday said it will raise HK$408.9 million via a global offering through the issuance of 33.2 million shares.The global offering will comprise about 3.

3 million or 10 per cent shares to be offered to Hong Kong-based investors while the rest is offered internationally.Based in the Southeast Chinese city of Hangzhou, Adicon and its controlled entities operate 24 fully-owned diagnostic laboratories in China, offering diagnostic testing outsourcing services to more than 10,000 active customers in 28 provinces.

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