Backed by the Carlyle Group and Ping An, Meinian will float on the Shenzhen Stock Exchange via a reverse merger with Jiangsu Sanyou Group.
China-based healthcare provider Meinian OneHealth, backed by asset management company Carlyle Group, is set to list on the Shenzhen Stock Exchange via a reverse merger with clothing company Jiangsu Sanyou Group, China Money Network reported earlier today.
Jiangsu Sanyou will wholly acquire Meinian through a share swap and buying newly issued shares worth a total of approximately RMB5.54bn ($892m).
In 2012, Carlyle provided an undisclosed sum in return for a 13.5% stake in Meinian. In 2013, Meinian obtained RMB300m in…
