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Zai Lab Announces $250 Million Private Placement

Zai Lab entered into a securities purchase agreement to sell 11,340,000 ADSs, each representing ten ordinary shares, to investors.

9688ZLAB

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12:59:30 AM UTC
SquawkNews
Zai Lab to Sell 11.34M American Depositary Shares for $22.4 Each

Zai Lab Limited (NASDAQ:ZLAB; HKEX:9688) an innovation-driven, global biopharma company, today announced that it has entered into a securities purchase agreement for the sale of 11,340,000 American Depositary Shares (“ADSs”), each representing ten ordinary shares of the Company, to certain investor…