Aier Eye Hospital Group Co., Ltd. (SZSE:300015) agreed to acquire 70% stake in Hengshui Aier Eye Hospital from Hunan Liangshi Vision Medical Industry Management Partnership Enterprise (Limited Partnership) for CNY 50.4 million on July 29, 2024. A cash consideration of CNY 50.4 million will be paid by Aier Eye Hospital Group Co., Ltd. As part of consideration, CNY 50.4 million is paid towards common equity of Hengshui Aier Eye Hospital.

For the period ending December 31, 2023, Hengshui Aier Eye Hospital reported total revenue of CNY 4.14 million and net income of CNY 2.4 million. As of December 31, 2023, Hengshui Aier Eye Hospital reported total assets of CNY 33.8 million and total common equity of CNY 5.76 million.

The transaction is subject to approval of offer by board of Aier Eye Hospital Group Co., Ltd. The deal has been approved by the board of Aier Eye Hospital Group Co., Ltd.The transaction will be financed by own funds.