MicroPort Scientific Corporation has announced a proposed disposal of shares by a substantial shareholder, Otsuka Medical Devices Co., Ltd. Otsuka has entered into sale and purchase agreements to sell a total of 290,670,408 shares of the company. The purchasers include a fund managed by Shanghai SIIC Capital Management Co., Ltd., We'Tron Capital Limited, and investment platforms of the company's management. This transaction is expected to facilitate the expansion of MicroPort's core businesses, potential strategic mergers and acquisitions, and enhance corporate governance standards.
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