GUSHENGTANG to Acquire Majority Stakes in Three Jinan-Based Healthcare Firms

Stock News03-03 23:06

GUSHENGTANG (02273) has announced that on March 3, 2026, its subsidiary, Shandong GUSHENGTANG Health Technology Co., Ltd., plans to acquire a 70% equity interest in Jinan Xinyangguang, a 70% stake in Jinan Yunshengtang, and a 70% holding in Jinan Licheng Yunshengtang. The target companies are all medical institutions primarily engaged in providing traditional Chinese medicine services and pharmaceutical retail services in Shandong Province, mainland China. The acquisitions align with the group's expansion strategy of broadening its offline medical institution network through purchases, provided the company believes the transactions will (i) increase the group's market share in Shandong Province and (ii) create synergies between the target companies and the group's other offline medical facilities and online healthcare platform.

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