Aesthetic Medical International Holdings Group Limited Redeems An Outstanding Convertible Note
Aesthetic Medical International Holdings Group Ltd. - American Depositary Shares (AIH)
Company Research
Source: GlobeNewswire
Shenzhen, Nov. 20, 2019 (GLOBE NEWSWIRE) -- Aesthetic Medical International Holdings Group Limited (the “Company” or “AIH”), a leading provider of aesthetic medical services in China, today announced that the Company has redeemed an outstanding convertible note on November 14, 2019. Immediately prior to the completion of the Company’s initial public offering of 7,500,000 ordinary shares of the Company, par value US$0.001 per share (“Ordinary Shares”), in the form of American depositary shares, the three outstanding exchangeable notes were exchanged into preferred shares of the Company, par value US$0.001 per share (“Preferred Shares”), and all the then outstanding Preferred Shares are all automatically converted into Ordinary Shares on a one-to-one basis. On November 14, 2019, the Company redeemed the convertible note (the “Note”) dated as of December 8, 2016, issued by it to Peak Asia Investment Holdings V Limited (“ADV”). The redemption price was calculated pursuant to the Note,
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