Ascletis Pharma Seeks HK$843 Million via Share Offering

MT Newswires Live

02/03

Ascletis Pharma (HKG:1672) said it was looking to raise HK$843.5 million via a share offering, according to a Hong Kong bourse filing Tuesday.

The firm is seeking investors for around 69.3 million shares priced at HK$12.18 apiece to raise funds for the global phase 3 trials of its ASC30 drug for the treatment of obesity.

The shares represent 6.98% of the company's issued share capital.

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