BUZZ-IVD Medical jumps as unit in discussions over B-Soft acquisition

Reuters11-10
BUZZ-<a href="https://laohu8.com/S/01931">IVD Medical</a> jumps as unit in discussions over B-Soft acquisition

** Shares of IVD Medical Holding 1931.HK jump 16.4% to HK$7.88, their biggest intraday pct gain since August 11

** Stock hits its highest point since October 30 and on track for a fourth consecutive session of gains

** The Hong Kong-listed medical equipment maker and distributors said its unit is in discussions with the largest shareholder of Shenzhen-listed B-Soft Co Ltd 300451.SZ regarding acquisition of control over B-Soft

** Says the parties are still discussing and negotiating the specific terms of the potential transaction, including structure, consideration, timeline and condition precedent

** Trading in shares of the medical application software group B-Soft halted on Monday pending statement

** YTD, IVD stock up 328.9%, B-Soft up 15.6%, Hang Seng Composite Index tracking healthcare stocks .HSCIH up 69.6%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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