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HK-listed Ocumension Therapeutics hits near 5-month high on share sale plan

Reuters2021-06-10

** Shares of Ocumension Therapeutics rise as much as 9.6% to HK$32.05, their highest since Jan. 18, and on course for second session of gains

** Stock on track for the best day since May 31

** China-based ophthalmic therapies developer says major shareholders plan sale of 1.36% of the company stake to third-party investors for HK$236.5 mln ($30.5 mln)

** The major shareholders, including 6 Dimensions Capital, 6 Dimensions Affiliates Fund, Suzhou Frontline BioVentures Venture Capital Fund II, and Suzhou 6Dimensions Venture Capital Partnership, plan sale of 8.6 mln existing shares at HK$27.50 each, or 6% discount to Wednesday's close

** Co says it does not expect the placing to have any adverse effect on its operations

** Morgan Stanley & Co International PLC is the placing agent

** Hong Kong's healthcare index climbs 0.6%

** Both the Hang Seng China enterprises index and the benchmark index gain 0.3%

** As of last close, the stock had risen 8.3% this year

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment(17)

  • doraaaa
    ·2021-06-10
    Ok
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  • Melanielok
    ·2021-06-10
    Comment pls. 
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    • ckww: 
      Ok
      2021-06-10
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  • ppangsy
    ·2021-06-10
    Amazing! Are you all vested too?
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  • BBBBBBBBBB
    ·2021-06-10
    Like n comment pls 
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    • PanaCota: 
      syiok
      2021-06-11
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    • doraaaa: 
      ok
      2021-06-10
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    • Ly99: 
      Ok
      2021-06-10
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  • Xiao8
    ·2021-06-10
    [Smile] 
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    • WannWah: 
      Like and share
      2021-06-10
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  • Desmond669
    ·2021-06-10
    Good
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  • Kendra96
    ·2021-06-10
    like and comment pls
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    • Desmond669: 
      Ok
      2021-06-10
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    • Stonksboi: 
      Reply back thanks
      2021-06-10
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  • peggy85
    ·2021-06-10
    so good
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    • NiuNiuNiu: 
      Good good
      2021-06-10
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  • TopGainerz
    ·2021-06-10
    Ok
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  • Jw_Jw
    ·2021-06-10
    不 錯不錯 還可以
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  • sfleong1
    ·2021-06-10
    Oh
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  • PankajRuth
    ·2021-06-10
    ???
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  • PankajRuth
    ·2021-06-10
    Comment 
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    • Stonksboi: 
      Reply thanks
      2021-06-10
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    • Kendra96: 
      Done
      2021-06-10
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    • Stonksboi: 
      Reply back thanks
      2021-06-10
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  • ConanToh
    ·2021-06-10
    please help to comment and like thanks
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    • Stonksboi: 
      Reply thanks
      2021-06-10
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    • Yiqiderrick: 
      Nice. Comment n like pls
      2021-06-10
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    • Stonksboi: 
      Reply back thanks
      2021-06-10
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  • ConanToh
    ·2021-06-10
    please comment and like for me thanks
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    • WayneSing: 
      comment back thanks
      2021-06-10
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  • Kikiki
    ·2021-06-10
     M no o
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    • Kikiki: 
      Bjo
      2021-06-16
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    • Kikiki: 
      Hhj
      2021-06-16
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    • Kikiki: 
      Cg
      2021-06-14
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  • BOTAKYAP
    ·2021-06-10
    Comment and like please
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    • Stonksboi: 
      Reply thanks
      2021-06-10
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    • Stonksboi: 
      Reply back thanks
      2021-06-10
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    • ConanToh: 
      done please help me
      2021-06-10
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