MedSci Healthcare Holdings Limited Global Offering

DJ MedSci Healthcare Holdings Limited Global Offering

EQS Newswire / 17/04/2023 / 12:06 UTC+8

MedSci Healthcare Holdings Limited Global Offering

Highlights of the Global Offering:

-- Number of Offer Shares under the Global Offering: 66,789,000 Shares (subject to the Over-allotment Option).

-- Number of Hong Kong Offer Shares: 6,679,000 Shares (subject to reallocation).

-- Number of International Offer Shares: 60,110,000 Shares (subject to reallocation and the Over-allotment Option).

-- Maximum Offer Price: HKUSD10.16 per Offer Share, plus brokerage of 1.0%, SFC transaction levy of 0.0027% and Hong Kong Stock Exchange trading fee of 0.00565% and AFRC transaction levy of 0.00015% (payable in full on application in Hong Kong dollars and subject to refund)

-- Stock code: 2415.HK

-- The Hong Kong Public Offering will commence at 09:00 a.m. on Monday, April 17, 2023 and is expected to close at 12:00 noon (at 11:30 a.m. for White Form eIPO applications) on Thursday, April 20, 2023.

-- Dealings in the Shares on the Hong Kong Stock Exchange are expected to commence at 09:00 a.m. on Thursday, April 27, 2023.

-- Shares of the Company will be traded in board lots of 250 Shares each.

-- China International Capital Corporation Hong Kong Securities Limited and Macquarie Capital Limited are the Sponsor-overall Coordinators, Overall Coordinators and Joint Global Coordinators.

-- China International Capital Corporation Hong Kong Securities Limited, Macquarie Capital Limited, CCB International Capital Limited, Haitong International Securities Company Limited, Essence International Securities (Hong Kong) Limited, Dragonstone Capital Management Limited, China Everbright Securities (HK) Limited, First Shanghai Securities Limited, First Capital Securities Limited, Zhongtai International Securities Limited and Futu Securities International (Hong Kong) Limited are the Joint Bookrunners and the Joint Lead Managers. uSmart Securities Limited, Sliverbricks Securities Company Limited and Livermore Holdings Limited are the Joint Lead Managers.

(Monday, April 17, 2023 - Hong Kong) MedSci Healthcare Holdings Limited (the "Company", stock code: 2415.HK) announces the details of its global offering (the "Global Offering") and its proposed listing on the Main Board of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange") today.

Number of Offer Shares under the Global Offering is a total of 66,789,000 Shares (subject to the Over-allotment Option). Number of Hong Kong Offer 6,679,000 Shares (subject to reallocation) and number of International Offer Shares 60,110,000 Shares (subject to reallocation and the Over-allotment Option).

The Hong Kong Public Offering will commence at 09:00 a.m. on Monday, April 17, 2023 and is expected to close at 12:00 noon (at 11:30 a.m. for White Form eIPO applications) on Thursday, April 20, 2023.

Dealings in the Shares on the Stock Exchange are expected to commence on Thursday, April 27, 2023. The Shares will be traded in board lots of 250 Shares each. The stock code of the Shares will be 2415.

The Company is expected to grant the Over-allotment Option to the International Underwriters. Pursuant to the Over-allotment Option, the International Underwriters have the right, exercisable by the Joint Global Coordinators on behalf of the International Underwriters at any time during the 30-day period from the last day for lodging applications under the Hong Kong Public Offering, to require the Company to issue up to 10,018,250 Shares, representing not more than 15.0% of the total number of the Offer Shares initially available under the Global Offering, under the International Offering to, cover over-allocations in the International Offering, if any.

If the Over-allotment Option is exercised in full, the additional International Offer Shares to be issued pursuant thereto will represent approximately 1.62% of the issued share capital of the Company immediately after the completion of the Global Offering. If the Over-allotment Option is exercised in full, company will be in the form of announcement issued.

The aggregate net proceeds that the Company expects to receive from the Global Offering (after deducting underwriting fees and estimated expenses in connection with the Global Offering and assuming an Offer Price of HKUSD9.63 per Share, being the mid-point of the indicative range of the Offer Price) will be approximately HKUSD566.1 million. The Company intends to use the net proceeds it will receive from this offering for the following purposes:

-- Approximately 45% or approximately HKUSD254.8 million (based on the mid point of the Offer Price range stated in the Prospectus) will be allocated for business expansion, including (i) developing and updating the content and service offerings of physician platform solutions and expanding user base by attracting more registered physician users to make the MedSci platform the platform of choice for pharmaceutical and medical device companies in launching marketing campaigns and (ii) expanding the RWS solutions and precision-omni-channel marketing solutions through retaining existing and attracting new pharmaceutical and medical device companies.

-- Approximately 35% or approximately HKUSD198.1 million (based on the mid point of the Offer Price range stated in the Prospectus) will be allocated for further technology development to enhance the Company's technology and data capabilities.

-- Approximately 15% or approximately HKUSD84.9 million (based on the mid point of the Offer Price range stated in the Prospectus) will be allocated for potential investments and acquisitions or strategic alliances with companies that can generate synergies with the Company's businesses.

-- Approximately 5% or approximately HKUSD28.3 million (based on the mid point of the Offer Price range stated in the Prospectus) is expected to be used for working capital and other general corporate purposes.

China International Capital Corporation Hong Kong Securities Limited and Macquarie Capital Limited are the Sponsor-overall Coordinators, Overall Coordinators and Joint Global Coordinators. China International Capital Corporation Hong Kong Securities Limited and Macquarie Capital Limited are the Joint Global Coordinators. China International Capital Corporation Hong Kong Securities Limited, Macquarie Capital Limited, CCB International Capital Limited, Haitong International Securities Company Limited, Essence International Securities (Hong Kong) Limited, Dragonstone Capital Management Limited, China Everbright Securities (HK) Limited, First Shanghai Securities Limited, First Capital Securities Limited, Zhongtai International Securities Limited and Futu Securities International (Hong Kong) Limited are the Joint Bookrunners and the Joint Lead Managers. uSmart Securities Limited, Sliverbricks Securities Company Limited and Livermore Holdings Limited are the Joint Lead Managers.

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About MedSci Healthcare Holdings Limited

MedSci Healthcare Holdings Limited operates online professional physician platforms in China, provide physician platform solutions, precision omni-channel marketing solutions and RWS solutions to the customers. The Companybelieves such solution offerings can help generate and share meaningful medical evidence to a wider physician community and help guide prescription decisions of physicians in order to promote the rational use of medical products and deliver better value and care to patients. The Company is committed to solidifying its position as a platform-based, professional-knowledge-oriented and digitalized med-tech company and aspires to enhance the overall quality of patients' healthcare through the value offered by generating and sharing medical evidence.

This press release is issued by Zhixin Investor Relations Consultant Limited on behalf of MedSci Healthcare Holdings Limited.

For further information, please contact:

Zhixin Investor Relations Consultant Limited

Xuezi Zhu

Tel: [phone]

Email: [e-mail]

Important:

1.This press release is for information purposes only and does not constitute or include any recommendation or invitation or offer for acquisition, purchase or subscription of the securities of MedSci Healthcare Holdings Limited, nor is it intended to act as a recommendation of the sale of securities or any invitation or offer for acquisition, purchase or subscription of securities. Potential investors should read the prospectus of MedSci Healthcare Holdings Limited for detailed information about MedSci Healthcare Holdings Limited and the proposed offering before deciding whether or not to purchase any securities of MedSci Healthcare Holdings Limited. An application to subscribe for the shares referred to in this press release by any persons shall be made based on the prospectus and the application form to be issued by MedSci Healthcare Holdings Limited on April 17, 2023.

2. No application to subscribe for the shares of MedSci Healthcare Holdings Limited should be made by any person nor would such application be considered without the completion of a formal application through one of the application procedures prescribed in the prospectus of MedSci Healthcare Holdings Limited.

This press release is NOT for distribution, directly or indirectly, in or into the United States (including its territories and possessions, any state of the United States and the District of Columbia) or any other jurisdiction outside Hong Kong. This press release does not, and is not intended to be or constitute an offer to sell, or an invitation or solicitation of an offer to buy or subscribe for, any securities of MedSci Healthcare Holdings Limited (the "Company") in Hong Kong, the United States or any other jurisdiction. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or under the securities laws of any state or jurisdiction of the United States, and may not be offered and sold within the United States absent an applicable exemption from or a transaction not subject to the registration requirements of the Securities Act and the applicable securities laws of any state or jurisdiction of the United States. No public offering of the securities referred to herein will be made in the United States or in any jurisdiction outside of Hong Kong.

The price of the Shares of the Company may be stabilized in accordance with the Securities and Futures (Price Stabilizing) Rules under the laws of Hong Kong. The details of the intended stabilization and how it will be regulated under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) will be contained in the prospectus of the Company dated April 17, 2023. (the "Prospectus"). Unless otherwise defined, capitalized terms used herein shall have the same meanings as those defined in the Prospectus.

You are cautioned not to place any undue reliance on the forward-looking statements (if any) contained herein. The Company can give no assurance that these forward-looking statements will prove to have been correct. These forward-looking statements are not a guarantee of future performance and are subject to certain risks, uncertainties and assumptions. Expectations reflected in these forward-looking statements are subject to change and the Company undertakes no obligation to update or revise any forward-looking statements herein. File: MedSci Healthcare Holdings Limited Global Offering

17/04/2023 Dissemination of a Financial Press Release, transmitted by EQS News. The issuer is solely responsible for the content of this announcement. Media archive at www.todayir.com

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(END) Dow Jones Newswires

April 17, 2023 00:06 ET (04:06 GMT)