China Medical Technologies, Inc. Closes Offering Of US$150 Million Convertible Senior Subordinated Notes

BEIJING--(BUSINESS WIRE)--China Medical Technologies, Inc. (Nasdaq: CMED) today announced the closing of the offering of US$150 million principal amount of 3.5% Convertible Senior Subordinated Notes due 2011 to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The aggregate principal amount of notes sold reflects the exercise in full by the initial purchaser of its option to purchase up to an additional US$25 million aggregate principal amount of the notes to cover over-allotments.

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