Topchoice Medical acquires Shanghai Cunji Dental Clinic for 46m yuan

Topchoice Medical Co., Ltd. announced a supplementary update regarding its acquisition of 100% equity in Shanghai Cunji Dental Clinic Co., Ltd. for a total consideration of 46 million yuan. This price is based on the target company's total investment cost, including an equity transfer of 15 million yuan and the assumption of 31 million yuan in original shareholder debt. The overall project investment includes 37.09 million yuan for renovation and decoration, 0.59 million yuan for project establishment, and 8.32 million yuan for equipment procurement.

The acquisition aligns with Topchoice Medical's strategy to expand into the Shanghai market. Shanghai Cunji Dental Clinic, a project developed by the Topchoice Group, has not commenced operations since its establishment and does not currently compete with the listed company. Post-acquisition, the clinic will be integrated into Topchoice Medical’s unified management system.

The clinic is currently awaiting fire safety inspection approval, after which Topchoice Medical will proceed with obtaining the medical institution's practice license to facilitate trial operations. The company cautions investors about potential risks, noting that the profitability of dental medical services can be affected by market conditions, patient volume, cost control, and brand promotion.