Guangzheng Eye Hospital Group Completes Acquisition of Yiwu Shiguang Eye Hospital

Beijing, January 19 (Economic Daily-China Economic Net reporter Han Lu) – Guangzheng Group Co., Ltd. (A-share abbreviation: Guangzheng Ophthalmology; A-share code: 002524) issued an “Announcement on External Investment by Its Wholly-Owned Subsidiary,” stating that its wholly-owned subsidiary, “Guangzheng New Vision,” had signed an agreement on January 16, under which the parties agreed to acquire 100% of the equity of Yiwu Shiguang Ophthalmic Hospital Co., Ltd. at a transaction price of RMB 15.5 million.

Guangzheng Ophthalmology stated that this acquisition, funded by its wholly-owned subsidiary through self-raised funds, aligns with the company’s strategic development plan to “focus on ophthalmic medical services.”

Analysis suggests that Guangzheng Ophthalmology has been accelerating its focus on ophthalmic services by targeting the blue ocean of the eye care market, while simultaneously divesting its legacy businesses. Previous actions have included the sale of equity in Hami Anxunda Energy Technology Co., Ltd. by its wholly-owned subsidiary, Xin Tianshan, and the proposed sale of equity in Guangzheng Steel Machinery Co., Ltd. by its wholly-owned subsidiary, Guangzheng Construction.