Genetron Health (GTH) Announces Receipt of a Preliminary Non-Binding Proposal to Acquire the Company from CEO

  • August 23, 2022

POTENTIAL DEAL DETAILS

StockGenetron Holdings LimitedSymbolGTH
Date Announced08/22/2022Source Press Release
TypeUnsolicited BidAcquiring Company/Person Sizhen Wang, co-founder, chairman of the Board and chief executive officer

Genetron Holdings Limited (GTH), a leading precision oncology platform company in China that specializes in offering molecular profiling tests, early cancer screening products, and companion diagnostics development, announced that its Board of Directors has received a preliminary non-binding proposal letter dated August 21, 2022, from Sizhen Wang, co-founder, chairman of the Board and chief executive officer of the company to acquire all of the outstanding ordinary shares, par value $0.00002 per share of the Company, including the Ordinary Shares represented by the American depositary shares of the Company (the “ADSs”, each representing five Ordinary Shares) for US$0.272 per Ordinary Share or US$1.36 per ADS in cash.

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