trending Market Intelligence /marketintelligence/en/news-insights/trending/I3ojT2HANnlBWsk30tjWHA2 content esgSubNav
In This List

Chi-Med plans US$110M offering of American depositary shares

Blog

Enterprises are missing out on 24B by not optimizing cloud spending not going multicloud

Blog

Investment Research Analysts Providing Greater Coverage on Inflation

Blog

Using Credit Analytics to Avoid Mispricing Insurance Premiums

Blog

Post-Webinar Q&A: Integrating Climate Risks into Credit Risk Portfolios


Chi-Med plans US$110M offering of American depositary shares

Hutchison China MediTech Ltd. said it is planning to sell US$110 million of its American depositary shares in a public offering.

The Hong Kong-based biopharmaceutical company also plans to grant underwriters a 30-day option to buy up to an additional US$16.5 million of ADSs in total at the same price.

Each ADS represents five ordinary shares of the company.

Chi-Med plans to use net proceeds for research and development and to expand its commercialization capabilities.

BofA Securities Inc., Goldman Sachs (Asia) LLC and Morgan Stanley & Co. LLC are acting as joint global coordinators and joint book runners for the offer.

Chi-Med develops therapies for cancer and autoimmune diseases.