IVD Medical Holding Completes Major Share Placement

IVD Medical Holding Limited (HK:1931) has released an update.

IVD Medical Holding Limited has successfully completed a new share placement, with 270,918,016 shares issued at HK$0.7 each, amounting to a gross proceed of approximately HK$189.6 million. The net proceeds, after expenses, stand at around HK$189.1 million, intended to be used as outlined previously by the company. This strategic move has altered the shareholding structure, with the new placees collectively holding about 16.67% of the expanded share capital, impacting the percentage holdings of existing major shareholders.

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