Aier Eye Hospital Group Co., Ltd. (SZSE:300015) agreed to acquire 70% stake in Xiangshan Aier Eye Hospital Co., Ltd. from Nanjing Aier Anxing Ophthalmic Medical Industry Investment Center (Limited Partnership) for CNY 22.7 million on May 31, 2024. A cash consideration of CNY 22.68 million will be paid by Aier Eye Hospital Group Co., Ltd. As part of consideration, CNY 22.68 million is paid towards common equity of Xiangshan Aier Eye Hospital Co., Ltd. The transaction will be financed through equity investment of CNY 22.68 million.

For the period ending December 31, 2023, Xiangshan Aier Eye Hospital Co., Ltd. reported total revenue of CNY 15.5 million and net income of CNY 0.18 million. As of December 31, 2023, Xiangshan Aier Eye Hospital Co., Ltd. reported total assets of CNY 8 million.

The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board.