Golden Meditech: FunTalk China Debuts on Nasdaq
HONG KONG, Dec 18, 2009 (SinoCast Daily Business Beat via COMTEX) -- Golden Meditech Co., Ltd. (SEHK: 0801), a leading healthcare company in China, announces today that one of its associated companies FunTalk China Holdings Limited (FunTalk) has been listed on the Nasdaq exchange under the stock code of FTLK.
FunTalk, previously known as Pypo China Holdings Limited, is scheduled to start trading in the morning of December 17, 2009 according to the Eastern Standard Time, said the Hong Kong-listed company.
Golden Meditech takes around 15 million shares in FunTalk after the listing, evaluated at USD 105 million calculated by the offering price of USD 7 apiece. FunTalk floated 3.1 million ordinary shares and raised USD 21.7 million in the offering, in which Roadman & Renshaw acted as the sponsor and lead underwriter.
FunTalk has nearly 10,000 chain stores in more than 350 cities in China, ranking first among all the mobile telecom terminal distributors in the country, according to Golden Meditech.
Source: www.hexun.com (December 18, 2009)
Copyright 2008 SinoCast Daily Business Beat. All rights reserved
-0-
