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On May 17, Lepu Medical (300003.
SZ) issued an announcement stating that it intends to spin off Lepu Xintai Medical Technology (Shanghai) Co.
, Ltd.
(hereinafter referred to as: Xintai Technology) for listing on the main board of the Hong Kong Stock Exchange
.
The announcement disclosed that Xintai Technology is mainly engaged in the research and development, production and commercialization of medical devices for structural heart disease intervention
.
At present, the core products of aortic valve replacement and mitral valve repair clips are in clinical and preclinical stages, respectively