Aier Eye Hospital, Ourpalm Invest In Huatai Securities’ M&A Fund

Changsha, Hunan province-based eye hospital group Aier Eye Hospital Group plans to commit RMB100 million ($16 million) to Beijing Huatai Ruilian M&A Fund, according to a company announcement.

Another company, Beijing-based gaming company Ourpalm Co., Ltd. also is committing RMB100 million to the fund.

With a fundraising target of RMB1 billion, Beijing Huatai Ruilian M&A Fund focuses on investment in the medical services, pharmaceutical, technology, media and telecom (TMT), retail and environmental spaces.

The fund will be managed by Huatai United Securities, an investment banking arm of Chinese brokerage firm Huatai Securities.

Founded in 2003, Shenzhen-listed Aier Eye Hospital operates 50 hospitals in 24 Chinese cities.

Last week, the company announced it would launch an M&A fund with Shenzhen Qianhai Orient Venture Financial Holding to take advantage of the consolidation in the ophthalmology industry.

 
China Expert network

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