MicroPort Medical's Associate Company Shanghai Mingyue Medical Raises RMB 130 Million

Original Title: MicroPort (00853.HK) Affiliate Shanghai Horizon Medical Secures RMB 130 Million in Funding Source: Aastocks Financial News

MicroPort (00853.HK) announced that its joint venture in the field of medical technology for assisted reproductive health, Shanghai Horizon Medical Technology Co., Ltd., has introduced new investors, including MicroPort Investment (a wholly-owned subsidiary of the company), Shenzhen Capital Group Co., Ltd. (SCGC) and its affiliated funds, as well as Shanghai Maixiang, with a total capital injection of RMB 130 million. Following the capital increase, the valuation of Shanghai Horizon Medical Technology is approximately RMB 430 million, and the company's shareholding has increased from 40% to 44.186%. (de/d) (Quotes are delayed by at least 15 minutes. Short-selling data as of 2020-07-22 16:25.)