Aptorum Group repurchases $13.5 million of 8% convertible bonds

By Rebecca Melvin

New York, April 24 – Aptorum Group Ltd. repurchased all outstanding $13.5 million of its 8% convertible bonds due 2019 from an Adamas Ping An Opportunities Fund LP subsidiary, according to a press release.

The subsidiary, Peace Range Ltd., also has certain subscription rights to the $12.17 million principle amount of the bond on or before Dec. 17.

Aptorum Investment Holding Ltd., a subsidiary of Aptorum Group, transacted the repurchase and subscription rights.

The Hong Kong-based pharmaceutical group includes a surgical robotics division and medical clinics.

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