HK Stock Market Move | MODERN DENTAL (03600) surged over 17%, Hillhouse Capital acquired a portion of the shares, increasing its stake to the current 17.24%.

MODERN DENTAL (03600) surged more than 17%, reaching a 17.21% increase at the time of publication, trading at 6.06 Hong Kong dollars, with a turnover of 2049.23 million Hong Kong dollars. On the news front, recent reports have stated that Hillhouse Investment has acquired a portion of the minority stake in the Hong Kong-listed company MODERN DENTAL through block trades, increasing its stake from less than 1% to 17.24%. According to documents disclosed by the Hong Kong stock exchange on January 23, XX-I SHT Holdings Limited acquired 161 million ordinary shares of MODERN DENTAL at an average price of 5.8 Hong Kong dollars per share in an off-market transaction, valued at approximately 935 million Hong Kong dollars. Following the acquisition, XX-I SHT Holdings Limited holds a total of 161 million shares, with a stake increased from 0.00% to 17.24%. The transaction involves other related parties: Hillhouse Investment Management, Ltd., Hillhouse Investment Management V, L.P., and Hillhouse Fund V, L.P.