CS MEDICA has entered into agreement with investor regarding directed share issue of DKK 60M at DKK 28.13 per share.
CS MEDICA A/S (“CS MEDICA or the company”) has entered into an agreement with Inner Mongolia Rong Shi Hi-Tech Co., Ltd (“RongShi”) regarding a directed issue of DKK 60 million at a share price of DKK 28.18 (share price premium of 454%) .Gitte Henriksen, CFO CS MEDICA, comments; ”The negotiation with RongShi regarding an investment and Joint Venture in China has been a long and complicated process. Firstly, caused by our required share price with a premium of 454%, but also the cultural difference between Denmark & China and COVID-19 have had a huge impact. But as both parties had a true