Certain H Shares of Shanghai Kindly Medical Instruments Co., Ltd. are subject to a Lock-Up Agreement Ending on 8-NOV-2020.
November 08, 2020
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Certain H Shares of Shanghai Kindly Medical Instruments Co., Ltd. are subject to a Lock-Up Agreement Ending on 8-NOV-2020. These H Shares will be under lockup for 367 days starting from 7-NOV-2019 to 8-NOV-2020.
Details:
The controlling shareholders of the company, namely, Shanghai Kindly Enterprise Development Group Co., Ltd., Shanghai Kindly Holding Group Co., Ltd., Zhang Xianmiao, Zheng Aiping and Zhang Wei have agreed to lock-up restrictions for a period of six months from the listing date, which is expected to be November 08, 2019.
The shares held by controlling shareholders will be subject to a lock-up of further six months from the expiry of first lock-up period such that on disposal of such shares they cease to be a controlling shareholder of the company.
Shanghai INT Medical Instruments Co Ltd, formerly Shanghai Kindly Medical Instruments Co Ltd, is a China-based company principally engaged in the research, development, production and sales of intracardiac interventional devices. The Company operates its businesses through two segments. The Intracardiac Interventional Business segment is mainly engaged in the sales, manufacturing and research and development of intracardiac interventional medical devices and related molds, standard parts and masks. The Other segment is engaged in the research and development of other interventional medical devices, such as neurointerventional medical devices and heart valve implantable medical devices. The Company mainly operates its businesses in the domestic market and overseas markets.