Biosensors International Group

(06-09-2012, 11:03 PM)d.o.g. Wrote:

(06-09-2012, 10:15 PM)hongonn Wrote: That is a bit scary especially JWMS comes from China. I can't even find a website of its own, which is worth almost $800M?

JWMS was a unit of Shandong Weigao (1066 HK). Weigao sold JWMS to Biosensors in exchange for shares in Biosensors.

What i meant is when i search on "JW medical systems", i only get the biosensors acquisition news, no website, none biosensors or Weigao features this ($800M or more?) unit.

When i search on JWMS product "Excel stent", i only get some research papers, none biosensors or Weigao features this product.

It becomes quite abstract, just news and research papers, after so much money put down :p

I search on stent market share in china, saw JWMS took up about 20% or more of stent market, after 2 local firms. Foreign firms doing quite badly and if not wrong J&J has been withdrew. Don't know what kind of medical trials have been done those local firms anyway they managed to sell in China.

(07-09-2012, 02:05 AM)hongonn Wrote: What i meant is when i search on "JW medical systems", i only get the biosensors acquisition news, no website, none biosensors or Weigao features this ($800M or more?) unit.

JW Medical Systems website
Excel DES product description

It is always a concern, when major shareholder divests its entire stake, more so if it is done with a loss...

(not vested)

China’s Shandong Weigao to divest Biosensors stake for S$390m

HONG KONG — China’s Shandong Weigao Group Medical Polymer is selling its entire 21.7 per cent stake in Singapore-listed medical device-maker Biosensors International Group for about S$390.4 million to focus on its main businesses.

Hong Kong-listed Shandong Weigao will sell the Biosensors stake to Bermuda-based investment firm CB Medical Holdings at S$1.05 per share, representing an 11.7 per cent premium to Biosensors’ previous close, Shandong Weigao said in a filing to the Hong Kong exchange. Biosensors said in a statement to the Singapore Exchange that it would be filing details of changes to its ownership structure within three working days.

Shangdong Weigao said it estimated a loss of 449 million yuan (S$91.4 million) from the disposal. It added the proceeds would be used to strengthen its principal businesses in medical consumables, blood purification and orthopaedic products.

Biosensors develops, manufactures and distributes medical devices. Its shares rose 4.3 per cent to close at S$0.98 each yesterday. REUTERS
http://www.todayonline.com/business/chin...take-s390m

but the price went up last few days?

Wonder who is the ultimate owner of CB Medical Holdings Ltd(it is a shell company recently registered in Bermuda).

Very weird that the substantial shareholder notice did not reveal who or what company ultimately owns the shares.

(23-11-2013, 01:48 PM)freedom Wrote: Wonder who is the ultimate owner of CB Medical Holdings Ltd(it is a shell company recently registered in Bermuda).

Very weird that the substantial shareholder notice did not reveal who or what company ultimately owns the shares.

they have to reveal the ultimate bene since it is >20% stake. even if it is a BVI.

CB medical.... Sounds like vulgarity

(23-11-2013, 02:01 PM)opmi Wrote:

(23-11-2013, 01:48 PM)freedom Wrote: Wonder who is the ultimate owner of CB Medical Holdings Ltd(it is a shell company recently registered in Bermuda).

Very weird that the substantial shareholder notice did not reveal who or what company ultimately owns the shares.

they have to reveal the ultimate bene since it is >20% stake. even if it is a BVI.

is there a must a reveal the ultimate bene in such instance?

(23-11-2013, 02:01 PM)opmi Wrote:

(23-11-2013, 01:48 PM)freedom Wrote: Wonder who is the ultimate owner of CB Medical Holdings Ltd(it is a shell company recently registered in Bermuda).

Very weird that the substantial shareholder notice did not reveal who or what company ultimately owns the shares.

they have to reveal the ultimate bene since it is >20% stake. even if it is a BVI.

Quoted from the news report.

"Biosensors said in a statement to the Singapore Exchange that it would be filing details of changes to its ownership structure within three working days."

Let's see the detail three working days later.

Since it is stake of around 21.7%, could it be a move to privatise biosensor through a general offer?