Home Hillhouse Capital Boosts Stake in MicroPort Medical with HK$645 Million Investment, Shares Rise Over 4%

Hillhouse Capital Boosts Stake in MicroPort Medical with HK$645 Million Investment, Shares Rise Over 4%

Mar 13, 2020 09:49 CST Updated 09:49
MicroPort

High-end Medical Device R&D and Manufacturer

Hillhouse

Long-Term Structural Value Investment Institution

According to the latest information from the Hong Kong Stock Exchange, on March 6, Hillhouse Capital increased its holdingsMicroPort Medical(00853) 47.734 million shares were acquired at HK$13.5149 per share, for a total consideration of approximately HK$645 million. Following the increase in stake, the number of shares held stands at 114 million, representing a 6.61% ownership interest. As of press time, MicroPort’s stock rose 4.03% to HK$15.5, with trading volume reaching HK$147 million.