Yidu Tech Eyes 400 Million Yuan Purchase of Online Doctors Platform; Shares Gain 6%

MT Newswires Live06-01

Yidu Tech (HKG:2158) signed a non-binding memorandum of understanding to acquire 100% of a company that operates an online doctors' platform and related services business for about 400 million yuan, according to a Monday Hong Kong bourse filing.

The proposed acquisition would enable the combination of its artificial intelligence capabilities with the target company's doctor network, healthcare resources, and service channels, the filing said.

The parties have not yet entered into a definitive agreement, and completion remains subject to due diligence and final transaction terms.

Shares of the healthcare technology products and services provider were up over 6% in Monday afternoon trade.

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