Accrelist Invests in China Expansion with Accrelist Nanjing Deal

MT Newswires07-03

Accrelist (SGX:QZG) proposed to acquire a 60% equity stake in Accrelist Nanjing Health Management, formerly known as Nanjing Yi Chuangyuan Health Management, according to a Wednesday filing on the Singapore Stock Exchange.

Accrelist Nanjing, which has a registered capital of 10 million yuan, specializes in health management services including traditional Chinese medicine and wellness services, and operates in Nanjing with four aesthetics outlets.

The acquisition also involves Wins2win, a third-party service provider, receiving a 5.0% share in Accrelist Nanjing.

Post-acquisition adjustments will see Dong Qi Lin, founder of Accrelist Nanjing, retaining a 38% stake in the target, while Accrelist Hainan's holdings will be reduced to 57%.

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