PW Medtech Group's Unit to Sell Assets in Bankruptcy Auction to Pay Back Creditors

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PW Medtech Group (HKG:1358) said its unit Xuzhou Yijia Medical Device will sell its assets in an online auction to comply with bankruptcy proceedings plan and pay back creditors, according to a Monday bourse filing.

The company said Xuzhou Yijia's assets will be auctioned starting with a base price set at 85% of the appraisal value.

Shares were last up 1% in Tuesday afternoon trading.

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