Broncus Holding Corp. Announces Share Issue to Fund Expansion
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Broncus Holding Corp. (HK:2216) announced a proposed share issue of 105,108,015 subscription shares at HK$3.11 each, aiming to raise HK$326.9 million for expansion in the medical devices sector. This represents about 19.90% of its issued share capital. The completion of the subscription is subject to conditions. Analysts currently rate the stock as a Hold with a price target of HK$3.00. Broncus is focused on growth through potential acquisitions in healthcare, with a market cap of HK$1.73B.
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