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The latest announcement is out from Beauty Farm Medical & Health Industry, Inc. ( (HK:2373) ).
Beauty Farm Medical and Health Industry Inc. has completed the acquisition of 100% of Shanghai Siyanli Industrial, which becomes an indirect wholly owned subsidiary and will be fully consolidated into the group’s financial statements. Shanghai Siyanli generated revenue of RMB850 million and net profit of RMB81 million in 2024, and its addition expands Beauty Farm’s store network to 734 locations, significantly reinforcing the group’s market presence and growth prospects. As consideration, the company issued 15,798,147 new shares, or about 6.28% of its enlarged share capital, to SYL Holding at HK$28.71 per share, resulting in a slight dilution of existing shareholders and the entry of MBK Partners as a strategic investor. This deal, following the earlier acquisition of Naturade, brings together three top brands in China’s aesthetics sector and positions Beauty Farm to pursue its strategy of building super brands, super chains and super digitalization to reshape the high-end beauty market and drive long-term revenue and profit growth for investors.
The most recent analyst rating on (HK:2373) stock is a Hold with a HK$27.00 price target. To see the full list of analyst forecasts on Beauty Farm Medical & Health Industry, Inc. stock, see the HK:2373 Stock Forecast page.
More about Beauty Farm Medical & Health Industry, Inc.
Beauty Farm Medical and Health Industry Inc. is a high-end beauty and medical wellness service provider operating a large chain network across China. The group focuses on premium beauty services and aesthetic treatments, and has been expanding its footprint and brand portfolio to strengthen its position among the leading players in China’s beauty and aesthetics industry.
Average Trading Volume: 653,412
Technical Sentiment Signal: Buy
Current Market Cap: HK$6.2B
Learn more about 2373 stock on TipRanks’ Stock Analysis page.