Aoyuan Healthy Life Group Company Ltd., a renowned commercial property operation service and property management service provider based in China, has reportedly announced that Guangdong Xinyuerong Industrial Investment Company Limited, the firm’s indirect wholly owned subsidiary, would procure an equity interest of 55% in Zhejiang Liantianmei Corporate Management Company Limited. Aoyuan would be paying over ¥691 million for the equity stake.

Aoyuan Healthy already held a 5% indirect equity interest in Liantianmei before the new stake acquisition. The company would now possess a 60% equity interest in the firm. The Chinese giant intends to take Liantianmei to the top in the list of medical aesthetics companies.

The acquisition looks to fulfill the company’s aim to use its resources to develop and enhance its medical beauty business, which would further help the company offer healthy lifestyle services to homeowners across the estate managed by the company as well as customers. Additionally, this acquisition would also enable the firm to provide its commercial property operation and property management businesses full play and also improve the synergy between its three main businesses.

Liantianmei is a renowned medical aesthetic service company serving in Zhejiang province, with its operations going back 37 years. As one of the key pillars of the nation’s medical aesthetic sector, Liantianmei has been facilitating comprehensive medical aesthetic services, including aesthetic dermatology services, minimally invasive aesthetic services, and aesthetic surgery services.

Presently, two medical aesthetic hospitals are managed by the company with an aggregate operating area spanning about 30,000 sq. meters. Both hospitals have gained the qualifications to work as formal medical institutions and have also obtained both the “5A” Rating Management standards. Likewise, these private hospitals also have the operational qualifications required for standardized medical institutions, along with the Level 4 High Complexity Surgery qualification.

Source credit: https://www.taiwannews.com.tw/en/news/4013335