SHENZHEN, China, April 26 /PRNewswire-Asia/ -- Winner Medical Group Inc. (Nasdaq: WWIN; "Winner Medical" or the "Company"), a leading manufacturer of medical dressings, medical disposables and non-woven PurCotton(R) materials for the medical and consumer products industries, announced today that it has priced a public offering of 1,380,000 shares of its common stock at a price of $6.10 per share. Winner Medical expects to receive net proceeds of approximately $8.0 million from the sale of the common stock. Winner Medical has granted a 30-day option to the underwriters to purchase up to an additional 207,000 shares to cover over-allotments, if any. The offering is subject to customary closing conditions and is expected to close on or about Friday, April 30, 2010.
Winner Medical intends to use the net proceeds from this offering to expand the production capacity of its PurCotton(R) product line and for general corporate and working capital purposes.
Roth Capital Partners, LLC is acting as the sole book-running manager for the public offering, with Maxim Group LLC acting as co-manager.
The offering is being made pursuant to a shelf registration statement filed with the Securities and Exchange Commission (SEC) on March 3, 2010, which became effective on March 18, 2010. The offering will be made by a prospectus supplement, which has been filed with the SEC.
Copies of the prospectus supplement may be obtained from the offices of
Roth Capital Partners,
|SOURCE Winner Medical Group Inc.|
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