Winner Medical Group Inc. (NASDAQ: WWIN), a China-based exporter and retailer of high-quality medical dressings and consumer products, announced on July 24 that the company’s privatization plan is going well and the offer price will be increased to $4.50 from $4.30 per share.

Jianquan Li, chairman of the board and chief executive officer, said that the transaction will be closed before the end of Q1 2013.  If completed, it will result in the company becoming a privately held company and its shares will no longer be listed on the NASDAQ global market.

According to the news release, privatization will be financed by a secured debt facility from DBS Bank Ltd., Hong Kong Branch and with William Blair & Company, LLC is serving as financial advisor.