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MicroPort Scientific ( (HK:0853) ) has issued an update.
MicroPort Scientific has announced a merger agreement involving its subsidiary, MicroPort CardioFlow, and CRM Cayman, which will become an indirect wholly-owned subsidiary of MicroPort CardioFlow. This strategic restructuring aims to enhance MicroPort CardioFlow’s product offerings and global presence in the heart disease market. The merger is expected to improve the financial position of CRM Cayman, optimize the Group’s financing structure, and reduce overall finance costs, benefiting stakeholders by strengthening the company’s market positioning and operational efficiency.
The most recent analyst rating on (HK:0853) stock is a Hold with a HK$12.00 price target. To see the full list of analyst forecasts on MicroPort Scientific stock, see the HK:0853 Stock Forecast page.
More about MicroPort Scientific
MicroPort Scientific is a medical device company that focuses on the research, development, and commercialization of innovative solutions for cardiac rhythm management (CRM) and structural heart diseases. The company offers devices for monitoring cardiac information and treating heart conditions, including valve products and surgical accessories.
YTD Price Performance: 96.09%
Average Trading Volume: 48,860,161
Technical Sentiment Signal: Buy
Current Market Cap: HK$23.84B
For detailed information about 0853 stock, go to TipRanks’ Stock Analysis page.