Cash-Strapped Cryofocus Medtech Scrambles to Raise Funds With IPO

With only 128 million yuan in cash left in its coffers, the maker of innovative medical devices is desperate to secure fresh capital with a second stab at a Hong Kong listing Key Takeaways: With the company poised to launch a key product in June, Cryofocus Medtech is desperately seeking a major cash injection to support its marketing efforts and expansion of manufacturing capacity Its specialized field of minimally-invasive cryotherapy is still relatively new, thus its few commercialized products only generated 22 million yuan in sales last year By Molly…

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Xtep Revenue Leaps to Record on China’s New Long Run to Sports

The running shoe maker aims to more than double its revenue over the next five years, banking on strong government support for sports and physical fitness Key Takeaways: Xtep’s revenue grew 23% last year to a record 10 billion yuan, though its newer brands lost money The company is less profitable than industry leaders Anta and Li Ning, leading its shares to trade at a discount By Lau Ming Athletic shoe maker Xtep International Holdings Ltd. (1368.HK) posted record revenue in its latest annual results, and has set even higher…

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