BEIJING, Aug. 22, 2016 /PRNewswire/ -- Dehaier Medical
Systems Ltd. (Nasdaq: DHRM) ("Dehaier Medical" or the "Company"),
which develops, markets and sells medical devices and wearable
sleep respiratory products in China and international markets, today
announced that the Company has completed its final closing under
$20 million strategic financing with
Hangzhou Liaison Interactive Information Technology Co. Ltd.
("Liaison Interactive" or the "Purchaser"), a publicly listed
company on the Shenzhen Stock Exchange (Trading Ticker:
002280).
Pursuant to the Share Purchase Agreement (the "Agreement"), the
Company sold 11,111,111 restricted common shares for a purchase
price of US$1.80 per share for an
aggregate of US$20,000,000 to Liaison
Interactive. Liaison Interactive and its designees will also
receive warrants to purchase 1,000,000 restricted common shares of
the Company at a purchase price of US$2.20 per share. Dehaier Medical previously
announced the sale of 620,414 shares on June
6, 2016. The final closing involved the sale of 10,490,697
shares. The investment funds after deducting fees and expenses
(including expenses associated with the repurchase of certain
outstanding warrants held by third parties) will be used for the
development and marketing of Dehaier Medical wearable sleep apnea
products business, and potential mergers and acquisitions. The
Liaison Interactive investment will dramatically improve the
Company's ability to expand wearable medical device business and to
launch other new smart wearable devices and mobile medical
solutions over the next few years. It is an important step in the
strategic transformation of the Company. After this investment, the
company expects a more interactive and solid relationship with
Liaison Interactive that will leverage Liaison's resources, promote
the development of Dehaier Medical's intelligent medical business,
accelerate the Company's industrial layout on intelligence medical
market, and further optimize Dehaier's overall business strategies
to increase market penetration and acceptance. Through this
investment, Liaison Interactive will benefit from Dehaier Medical's
access to the medical intelligent hardware market, expanding its
intelligent hardware expertise.
About Dehaier Medical Systems Ltd.
Dehaier Medical develops, markets and sells medical products,
including medical devices and wearable sleep respiratory products
in China and international
markets. The company develops and assembles its self-branded
medical devices and sleep respiratory products from third-party
components. Dehaier is committed to becoming the solution provider
of medical smart wearable devices and professional services.
Dehaier is transforming from a traditional medical equipment
supplier to a high-tech enterprise in the field of mobile medical
and smart wearable devices. The main business of Dehaier is
providing overall solutions including accurate screening, efficient
treatment and treatment evaluation for obstructive sleep apnea
syndrome ("OSAS") patients. With the cutting-edge
photoplethysomography analysis technology and state-of-the-art
sleep diagnosis device, Dehaier made the first application of cloud
technology in sleep medicine by managing to upload patients'
records, patient information management, and analysis to the cloud.
Dehaier Medical provides sleep diagnostic products and services for
inpatients and outpatients in Chinese medical institutions
including chronic diseases therapy departments in public hospitals,
patients in private physical examination centers and VIP customers
of life insurance companies. Dehaier Medical's technology is based
on six patents and eleven software copyrights. More information may
be found at http://www.dehaier.com.cn.
About Hangzhou Liaison Interactive Information
Technology Co. Ltd.
Liaison Interactive, formerly known as Beijing Digital Grid
Technology Co., Ltd. was founded in 2007 as a leading mobile
Internet product and services provider in the industry. On
October 24, 2014, China Securities
Regulatory Commission approved the asset restructuring application
of Beijing Digital Grid Technology Co., ltd. and the listed company
Hangzhou New Century Information Technology Co., Ltd. After the
restructuring, listed entity Liaison Interactive (002280) became
China's first listed mobile
Internet company. Liaison Interactive has three core business
units. Digital Grid Department focuses on innovations in products
and technologies. Interactive Entertainment Department focuses on
mobile game developing and operating. Intelligent Hardware
Department focuses on one of most important business strategies
striving to be a world-class developer. Based in Beijing, Liaison Interactive has set up
subsidiaries and branches in Shanghai, Guangzhou, Hong
Kong, Shenzhen,
Hangzhou, Nanjing, Shenyang and the U.S. For more information,
please visit http://www.lianluo.com
For more information, please contact:
Dehaier Medical Systems Limited
Mary Li
+86 10-5166-0080 ext. 211
investors@dehaier.com.cn
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SOURCE Dehaier Medical Systems Ltd.