Meihua International Medical Technologies, a Chinese provider of disposable medical devices, filed on Tuesday with the SEC to raise up to $69 million.
Meihua International states that it is a provider of Class I, II, and III disposable medical devices. The company serves hospitals, pharmacies, medical institutions, and medical equipment companies in China as well as more than 30 countries internationally across Europe, North America, South America, Asia, Africa, and Oceania. Meihua provides more than 800 products for domestic sales and 120 products for exports.
The Yangzhou, China-based company was founded in 1990 and booked $89 million in sales for the 12 months ended December 31, 2020. It plans to list on the Nasdaq but has not selected a symbol yet (RC ticker: MHUA.RC). Meihua International Medical Technologies filed confidentially on December 31, 2020. Prime Number Capital and Shengang Securities are the joint bookrunners on the deal. No pricing terms were disclosed.
