Cosmetic surgery chain Pengai Hospital Management is set to go public in Hong Kong after raising $13.6m from investors including IDG.
Pengai Hospital Management, a China-based chain of cosmetic surgeries backed by media and data company International Data Group (IDG), has filed for an initial public offering in Hong Kong yesterday.
The size of the IPO is yet to be determined, but Pengai plans to spend the cash on establishing or acquiring one or two larger treatment centres and eight to 10 small or medium-sized centres that can carry out non-surgical procedures. Additional capital will be invested in medical equipment.
IDG…
