HONG KONG, Aug 9 (Reuters) - London-traded pharmaceutical company China Medical Systems Holdings Ltd plans to raise up to $131 million in a Hong Kong initial public offering, a term sheet obtained by Reuters showed on Thursday.
China Medical, which kicked off a marketing road show on Thursday, was selling 200 million shares at HK$3.60 to HK$5.06 each, the term sheet said.
Of the offering, 85 percent are new shares while the remainder are secondary shares.
The company will close the offering to institutional investors on Sept. 20. Its trading debut is set for Sept. 28, under the symbol "867".
UBS AG is handling the IPO. (Reporting by Fiona Lau and Kennix Chim; Editing by Chris Lewis)