United Imaging starts trading on Shanghai Stock Exchange’s STAR Market

United Imaging Healthcare, a leading advanced medical imaging and radiotherapy equipment provider, has recently unveiled that it has commenced trading on the Science & Technology Innovation Board (STAR Market) of the Shanghai Stock Exchange (SSE).

According to sources, United Imaging Healthcare shares witnessed an increase of 72.91%, reaching CNY 189.99 per share, signifying a market cap of approximately CNY 150 billion.

The healthcare firm intends to use the net earnings from the STAR Offering to capitalize on its R&D for next-gen products, comprising high-end medical imaging equipment.

In addition, some of the funding will be allocated to industrialization and marketing service network projects and serve as additional operating capital. 

During the listing ceremony, Al Zhang, Chairman & CEO of United Imaging Healthcare, said that the firm had reached huge milestones because of the support its clients, partners and employees have provided for the last 11 years.

The United Imaging Healthcare listing on the SSE STAR Market brings more significant responsibilities and higher expectations. The firm will now better streamline its corporate governance, work on long-term, sustainable value creation, manage highly effective communications and deliver better returns to shareholders, customers, employees, and society, Zhang said. 

He further added that United Imaging will grab the opportunity and will hold on to the philosophy of putting patients and customers first and focusing on core technologies and innovations separately to ensure that the firm remains to be a future-oriented, technology-driven, well esteemed high-tech company and become a top-class provider of high-end medical equipment and services.

For the record, United Imaging has unveiled 80+ pioneer products globally, including a Total-Body PET/CT, 75cm Ultra-Wide Bore 3.0T MR, 640-Slice CT Scanner, HD TOF PET/MR, and Fully Integrated CT-linac.

Given the firm’s leading technologies, it has also collaborated with many well-recognized clinical and scientific research institutions.

Till today, United Imaging Healthcare’s products have been deployed in medical & research institutions across 40 regions and countries, including the US, Italy, Japan and New Zealand.

Source credit - https://www.prnewswire.com/news-releases/united-imaging-healthcare-announces-listing-of-initial-public-offering-301609694.html