MicroPort Scientific Corporation Announces Signing of Merger Agreement for Strategic Restructuring of CRM Business
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MicroPort Scientific Corporation has announced a merger agreement involving its subsidiaries as part of a strategic restructuring of its CRM business. MicroPort CardioFlow will acquire CRM Cayman through a merger, making CRM Cayman an indirect wholly-owned subsidiary. In exchange, new shares will be issued to CRM Cayman's shareholders at HK$1.35 per share. This transaction aims to reduce annualized interest expenses and optimize the company's debt structure, pending certain conditions. The merger is expected to enhance the financial position of MicroPort Scientific Corporation.
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