August 28, 2016 9:58 PM ET

Healthcare Equipment and Supplies

Company Overview of MicroPort Scientific Corporation

Company Overview

MicroPort Scientific Corporation, an investment holding company, develops, manufactures, and sells interventional medical devices worldwide. Its Orthopedics Devices segment offers reconstructive joints, spine, trauma, sports medicine, and other professional implants and equipment. The company’s Cardiovascular Devices segment provides coronary stents and related delivery systems; and dilatation catheters and accessories. Its Endovascular Devices segment provides a range of products and services for the interventional treatment of thoracic and abdominal aortic aneurysm, peripheral vascular diseases, aortic dissection, and other endovascular related diseases. The company’s Electrophysiological ...

1601 Zhangdong Road

Zhangjiang Hi-Tech Park

Shanghai,  201203

China

Founded in 1998

2,926 Employees

Phone:

86 21 3895 4600

Fax:

86 21 5080 1305

Key Executives for MicroPort Scientific Corporation

Founder, Chairman, Chief Executive Officer and Member of Remuneration Committee
Age: 53
Total Annual Compensation: $60.0K
Compensation as of Fiscal Year 2015.

MicroPort Scientific Corporation Key Developments

MicroPort Scientific Corporation Provides Earnings Guidance for the Six Months Ended June 30, 2016

MicroPort Scientific Corporation provided earnings guidance for the six months ended June 30, 2016. The board of directors of the company expected to record a net profit of not less than USD 4 million for the six months ended 30 June 2016 as compared with a net loss of USD 2.59 million recorded for the six months ended 30 June 2015. The expected increase in the unaudited net profit for the six months ended 30 June 2016 is principally attributable to a significant growth in revenue from the cardiovascular and endovascular segments in the PRC market, and in particular, a significant revenue growth of third generation coronary stent product Firehawk® Drug Eluting Stent; and a significant amount of foreign exchange gain from RMB-denominated debts of overseas subsidiaries resulted from the depreciation of RMB.

MicroPort Scientific Corporation Announces Resignation of Zezhao Hua as an Independent Non- Executive Director, Chairman of Nomination Committee and Member of Audit Committee

The board of directors of MicroPort Scientific Corporation announced that Mr. Zezhao Hua (Mr Hua), an independent non- executive director of the company, retired by rotation at the AGM and did not offer himself for re-election as a director for personal health reasons. Accordingly, he ceased to act as chairman of nomination committee and member of audit committee. Mr. Hua has confirmed that he has no disagreement with the Board and there is no matter in relation to his retirement that needs to be brought to the attention of the shareholders of the company.

MicroPort Scientific Corporation Announces Exclusive Distribution Agreement with Otsuka Group

The Board of MicroPort Scientific Corporation announced that on 13 June 2016, MicroPort D-pulse, a wholly-owned subsidiary of the company, and the Otsuka Group entered into the Additional Exclusive Distribution Agreements pursuant to which MicroPort D-pulse will supply the Inflation Devices, Y-connector Pack, Manifolds and Pressure Monitoring Tubings to the Otsuka Group and the Otsuka Group will act as the Group's exclusive distributors of the aforesaid products in Indonesia and Pakistan.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 17, 2015
--
Private Placement
December 16, 2015
--
 

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