HK's EC Healthcare hits record high on share sale; entrepreneur, fund increase stake

EC Healthcare

09/07/2021 03:21

** Shares of aesthetic medical services proivder EC
Healthcare  2138.HK  rise 8.8% to HK16.26, a record high since
their listing in March 2016
    ** Stock on course for the best day since June 15; the
seventh most actively traded by turnover 
    ** Company plans sales of 17.2 mln new shares to chairman
Tang Chi Fai controlled Union Medical Care Holding at HK$14.50
apiece, or 2.95% discount to Thursday's close, raising HK$249
mln ($32.1 mln) for clinic network expansion and acquisitions
 urn:newsml:reuters.com:*:nFWN2OK0J4
    ** Says Union Medical will buy the new shares on completion
of sale of 27.97 mln existing shares at the same price to
entrepreneur Adrian Cheng as his personal investment and to
private investment fund Aspex Master Fund
    ** Cheng is also the chief executive officer of Hong Kong
property developer New World Development Co Ltd  0017.HK   
    ** Shareholding of Cheng and Aspex will be increased to
6.53% after the deal from 4.11%, while Tang's stake will be
reduced to 63.87% from 65.83%    
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
slips 0.9%, and the healthcare index  .HSCIH  falls 1.1%
    ** The benchmark Hang Seng Index  .HSI  eases 0.5%
    ** The stock had soared 146.9% this year as of last close 


($1 = 7.7683 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))