GUSHENGTANG (2273) Announces Acquisition of 70% Stakes in Three Jinan-Based Medical Institutions

Bulletin Express03-03 23:06

GUSHENGTANG HOLDINGS LIMITED (2273) disclosed that on March 3, 2026, its subsidiary Shandong Gushengtang Health Technology Co., Ltd. entered into three equity transfer agreements to acquire 70% of the equity interests in Jinan New Sunshine Traditional Chinese Medicine Hospital Co., Ltd., Jinan Yunshengtang Hanyu Traditional Chinese Medicine Outpatient Department Co., Ltd., and Jinan Licheng Yunshengtang Traditional Chinese Medicine Hospital Co., Ltd. Upon completion, these target entities will become subsidiaries and have their financial results consolidated into the group’s financial statements.

According to the announcement, the acquisitions support the company’s strategy to expand its offline medical institution network in Shandong Province, while bringing synergy among the target entities and existing businesses. The transactions will be funded through the company’s placing proceeds and idle funds and do not constitute connected or notifiable transactions under the relevant listing rules. Completion remains subject to the predefined conditions in the equity transfer agreements, and stakeholders are advised to monitor future announcements for updates.

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