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Article: AUSTRALIA'S SAFETY MEDICAL PRODUCTS CLOSE TO SELLING NEW SYRINGE.
- Article from:
- AsiaPulse News
- Article date:
- November 30, 2005
CopyrightCOPYRIGHT 2005 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SYDNEY, Nov 30 Asia Pulse - Medical products maker Safety Medical Products Ltd (ASX:SFP) is a step closer to selling its new safety syringe after a A$4.1 million (US$3.02 million) float on the Australian stock market.
Shares in the South Australian company hit the boards of the Australian Stock Exchange today at 22 cents, a 10 per cent premium on the 20 cent issue price.
However, by the close of trading, the stock had slipped back to 18 cents.
Safety Medical will use the capital raising to help market and buy equipment at the Korean plant of US medical distributor Exelint International Co for its "Securetouch" syringe, to be targeted at ...