MicroPort Scientific's Associate Company MicroPort EP Raises RMB 300 Million, Valuation Reaches RMB 4.8 Billion
MicroPort
High-end Medical Device R&D and Manufacturer
MicroPort EP
R&D Producer of Cardiac Electrophysiology Interventional Medical Devices
Original Title: MicroPort (00853.HK) Affiliate MicroPort EP Raises RMB 300 Million in Funding Source: Jishi Toutiao
MicroPort (00853.HK) announced that its associate, MicroPort EP, has introduced new investors, including Tianjin Rongxin, Tianjin Yuanyi, Guangdong Private Investment Yiyi, and Zhangjiang Torch Venture Capital, with a total investment of RMB 300 million. Upon completion, the valuation of MicroPort EP will increase to RMB 4.8 billion, and the company’s shareholding will be diluted from the current 41.0509% to 38.4852%.
MicroPort EP is dedicated to providing integrated solutions for electrophysiology procedures.
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