Hong Kong: AK Medical raises US$103m

AK Medical Holdings, the largest artificial orthopaedic joint manufacturer in China, has raised HK$802.m (US$100m) in a placement on the Hong Kong Stock Exchange. It appointed Goldman Sachs placing agent and set the price range between HK$14.65 (US$1.88) and HK$15.15, before settling at HK$15 per share. This is a 7.9% discount to the share price…