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  Shandong Weigao sells $52.3 new shares-term sheet  

  

 

HONG KONG, April 20 (Reuters) - Shandong Weigao Group Medical Polymer sold US$52.3 million of new shares at a 5 percent discount to the stock's last closing price, according to a term sheet.

The company sold 30 million new shares at HK$13.62 each in a deal handled by JPMorgan.

Shares in the company last closed at HK$14.34.

 

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