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FINWIRES

Amoytop Biotech Launches 1.53 Billion-Yuan Convertible Bond Offering

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Xiamen Amoytop Biotech (SHA:688278) on Tuesday launched a convertible bond issue of 1.53 billion yuan, according to a Tuesday filing with the Shanghai bourse.

Guojin Securities serves as lead underwriter, with CICC as joint lead underwriter. The bond issue carries a 30% maximum underwriter liability cap of 460.0 million yuan.

Shares of the drugmaker were down 4% in recent trade.

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