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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.