CMSH China Medical

 

TIDMCMSH 
 
RNS Number : 3829K 
China Medical Systems Holdings Ltd 
19 April 2010 
 
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| For Immediate release              |                      19 April 2010 | 
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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE 
OR IN PART, IN, INTO OR FROM THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR 
JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF 
THE RELEVANT LAWS OR REGULATION. 
 
                      China Medical System Holdings Ltd. 
                            ("CMS" or "the Company") 
                    Issue of Shares and Director's Interest 
 
China Medical System Holdings Ltd. (AIM: CMSH) announces that the Company has 
today signed an agreement with Mr. Hui Ki Fat, an Executive Director of the 
Company, to acquire the remaining 40% shareholding in Sky United Trading Ltd. 
("Sky United"), in which the Company currently holds a 60% shareholding through 
Sino Talent Limited (a wholly owned subsidiary of the Company), by issuing and 
allotting 263,833 new ordinary shares of US$0.1 each of the Company ("New 
Shares") to Archiever Development Ltd. ("Archiever Development"), a company 
incorporated in the British Virgin Islands wholly owned by Mr. Hui Ki Fat. Sky 
United, a company incorporated in Hong Kong, is mainly engaged in the import of 
pharmaceutical products into China through Hong Kong for the Group. 
 
In accordance with the agreement with Mr. Hui Ki Fat, the Company has issued the 
New Shares (which represent approximately 0.55 per cent. of the enlarged share 
capital of the Company) at an issue price of 488.5 pence per share (being the 
average closing price in the last twenty trading days) to Archiever Development. 
The remaining 40% shareholding in Sky United has transferred to Sino Talent 
Limited, a wholly owned subsidiary of the Company. 
Following the transaction, Mr. Hui Ki Fat's interest in the Company represents 
263,833 Ordinary Shares and 0.55 per cent. of the issued share capital of the 
Company. 
The Company has applied for the admission of the New Shares to trading on AIM, 
with admission expected to occur on or around 23 April 2010. 
Following the issue of the New Shares, the Company has 47,672,737 issued shares, 
which represent all of the Company's voting shares. 
 
All of the above-mentioned documents are also available on the Company's website 
at www.chinamedicalsystem.com 
 
 
For further information, please contact: 
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| China Medical System Holdings Ltd     | + (852) 2369 3889  | 
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| Vincent Hui                           |                    | 
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| Seymour Pierce Limited                | + 44 (0)20         | 
|                                       | 7107 8344          | 
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| Chris Howard                          |                    | 
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The information contained in this document is not for release, publication or 
distribution, directly or indirectly, in whole or in part, in, into or from in 
the United States of America (including its territories and possessions, any 
state of the United States and the District of Columbia). These materials do not 
contain, constitute or form part of an offer to sell or the solicitation of an 
offer to purchase securities in the United States. The securities referred to 
herein (the "Securities") have not been and will not be registered under the US 
Securities Act of 1933, as amended (the "Securities Act"), and may not be 
offered or sold in the United States absent registration under the Securities 
Act except pursuant to an available exemption from, or in a transaction not 
subject to, the registration requirements of the Securities Act. There will be 
no public offer of the Securities in the United States. 
 
Notes for editors 
China Medical System Holdings Limited 
China Medical System Holdings Ltd., (CMS) is listed on the Alternative 
Investment Market (AIM) of the London Stock Exchange with the ticker symbol 
"CMSH". It is a marketing and promotional service provider in China for 
prescription pharmaceutical products. For further information, please visit 
www.chinamedicalsystem.com 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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