A Shanghai Industrial Investment Holdings Co.-backed fund is in preliminary discussions to purchase Otsuka Holdings Co's (TYO:4578) 20.9% stake in MicroPort Scientific Corp (HKG:0853), Bloomberg reported Wednesday, citing sources familiar with the matter.
Otsuka has been considering selling its holding in the Hong Kong-listed medical device company, which had a market cap of HK$13 billion according to its latest financial results, according to the report.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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