SHA:688198

2 stories mentioning SHA:688198Updated just now

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Balance Medical Tech's Digestive Biological Patch Gets Nod for Registration; Shares Down 5%

Beijing Balance Medical Technology's (SHA:688198) digestive surgery biological patch received approval from China's National Medical Products Administration to register the product as an anastomotic reinforcement patch, according to a Shanghai bourse filing on Monday.The product, which was made from bovine pericardial tissue, is designed for soft-tissue repair in digestive surgery.The medical device manufacturer's shares dropped 5% during late-morning trade Monday.

SHA:688198

Asia11d ago

Beijing Balance Medical Tech to Buy Back Up to 100 Million Yuan Worth of Shares

Beijing Balance Medical Technology (SHA:688198) plans to repurchase shares worth between 50 million yuan and 100 million yuan, according to a Shanghai bourse filing on Thursday.The company will buy back between 359,583 shares and 719,165 shares, which represents 0.26% to 0.52% of the company's total shares, within 12 months after the approval of the board of directors.The maximum repurchase price will be 139.05 yuan per share.The repurchased shares will be used for the company's employee stock ownership plan or equity incentives.The medical device manufacturer's shares rose 1% during the morning trade.

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