by way of Wiki Su | March 10, 2015
Shenzhen-based mostly cosmetics surgery sanatorium chain Pengai clinic management organization, backed through a couple of challenge capital organisations, has filed for a Hong Kong initial public offering, in accordance with a securities filing.
The measurement and pricing of the IPO haven't been decided.
The enterprise will use the proceeds for the establishment or acquisitions of higher scale treatment centers, as well as working capital and normal company applications.
In 2012, the health center chain obtained US$13.6 million sequence A financing led through IDG Capital, CMHJ know-how and TDR Advisors. China boom equity and Uptown Alliance Ltd. additionally participated within the round of financing.
IDG Capital holds a 10.60% stake in Pengai, with CMHJ and TDR each and every protecting a 7.95% stake, based on the submitting.
The business's founders, Dr. Zhou Pengwu and Dr. Ding Wenting, owns 36.ninety four% and 35.49% of the business, respectively.
founded in 1997, Pengai operates 14 aesthetic clinical medicine facilities in China, covering 11 cities in 9 provinces.
based on a Frost & Sullivan document, the company accounted for about 1.2% of the aesthetic medical treatment market in China in terms of 2013 income.
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