Aier Eye Hospital Group (SHE:300015), through unit Aier Eye Brasil Participações, plans to acquire 60.6% of SF 1125p Participações Societárias through a 530 million Brazilian real capital increase, according to a Shenzhen bourse filing on Thursday.
SF 1125p Participações Societárias is a special purpose vehicle owned by Saúde Latam Holding.
The acquisition will also include 72.27% of Clínicas do Brasil and 100% of Contact-Gel, both of which provide ophthalmology and eye care services and products.
After the transaction, the company will not only own a majority stake in SF 1125p, but also 39.4% of Saúde Latam.
Aier's shares rose 2% during the afternoon trade.