久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

US EUROPE AFRICA ASIA 中文
Business / Markets

Kangning Hospital launches $87.7m float in Hong Kong

By Wu Yiyao (China Daily) Updated: 2015-11-11 10:28

Kangning Hospital launches $87.7m float in Hong Kong

Doctors from Kangning Hospital in Wenzhou, Zhejiang province, offer consultation services to local residents during a recent promotional event on mental health. [Photo/China Daily]

Wenzhou Kangning Hospital, China's largest private psychiatric health care group by revenue, launched its HK$680 million ($87.7 million) initial public offering on the Hong Kong stock exchange, as part of its efforts to raise additional capital for business expansion.

The Wenzhou-based company is selling 17.6 million shares at a price range of HK$32.10-HK$38.70 ($4.14 to $4.99) each. Pricing is based on a conservative price-to-earnings ratio of 22 to 26 times of the anticipated 2016 earnings.

Shares are expected to be priced on Friday, and will be inducted for trading on Nov 20, the company said in its offer document.

Awareness about mental health has been increasing in China in recent years, along with the growth in living standards. Spending on mental health checks, medication and care has also risen in the country.

Room for profits in the sector is on the rise, said a research note from Orient Securities Co Ltd.

According to Kangning's disclosures, gross profit margin of the group, which runs five hospitals directly and manages psychiatric departments of three medical institutions, was more than 40 percent in 2014.

Kangning's offer document, citing data from consultancy services provider Frost & Sullivan's report, said that China has more than 180 million people with various types of mental disorders and many do not have access to proper treatment and care yet. This shows the immense market potential in the long run, the report said.

Market researchers said that demand for medical treatment and care services for people with mental disorders is huge, and high-end, privately owned service providers are benefiting from authorities' shifting priorities on how to spend public funds in the health care sector.

"High-end services are not encouraged in State-owned hospitals and care centers because the government has put more focus on basic, affordable services to enable greater number of residents to have easy access to such services, which leaves more room for private hospitals to expand premier services," said a research report from Shanghai-based Guoyuan Securities Co Ltd.

Shares of privately owned hospitals have been in the limelight recently after the central government released a circular encouraging development of the sector.

More than 20 companies in the sector have been listed in Shanghai and Shenzhen bourses by November this year, and more are waiting in the IPO pipeline.

Kangning is the second private hospital from the Chinese mainland to be traded in the Hong Kong bourse, after Beijing-based Harmonicare Medical Holdings, a maternal and pediatric care specialist, was listed in October.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产欧美综合一区二区 | 欧美成人免费公开播放 | 美女一级毛片毛片在线播放 | 香港aa三级久久三级老师 | 日本一级特黄a大片在线 | 看全黄男人和女人视频 | 91久久国产综合精品女同国语 | 亚洲加勒比久久88色综合 | 91久久福利国产成人精品 | 热久久在线观看 | 99久久久免费精品免费 | 美女视频免费黄的 | 一级做a爰性色毛片免费 | a级毛片免费看 | 免费黄色网址在线播放 | 日本一区二区三区高清在线观看 | 国内黄色一级精品 | 精品一区二区高清在线观看 | 久久亚洲国产午夜精品理论片 | 欧美日韩视频免费播放 | 亚洲成a人片在线观看 欧美 | 久久午夜视频 | 一级毛片私人影院老司机 | 亚洲视频在线观看视频 | 女人毛片a毛片久久人人 | 日本aa级片 | 996re免费热在线视频手机 | aa国产| 日韩欧美亚洲中字幕在线播放 | 欧美精品hdxxxxx| 国产三香港三韩国三级不卡 | 欧美日韩一日韩一线不卡 | 久久久久久免费播放一级毛片 | 宅男66lu国产乱在线观看 | 夜色福利久久久久久777777 | 亚洲精品成人av在线 | 91九色精品国产免费 | 玖玖玖精品视频免费播放 | 欧美另类丝袜 | 久久久久久久久久久久福利 | 男人的天堂久久爱 |