New stock news | Beijing Tongrentang applies for listing on the Hong Kong Stock Exchange.

According to the disclosure by the Hong Kong Stock Exchange on January 26th, Beijing Tongrentang Medical Investment Co., Ltd. (referred to as Beijing Tongrentang Medical) has submitted its application for listing on the main board of the Hong Kong Stock Exchange, with CICC as its sponsor. The prospectus shows that Beijing Tongrentang Medical is a subsidiary of Beijing Tongrentang that strategically focuses on Chinese traditional medical services, providing comprehensive Chinese medical services to individual customers, standardized management services to institutional customers, as well as various health and other products. The company has established a tiered Chinese medical service network, including 12 self-owned offline medical institutions and an internet hospital, as well as 12 offline management medical institutions. Based on the total outpatient and inpatient visits in 2024, the company is the largest traditional Chinese medical group in the non-public traditional Chinese medical service industry in China, with a market share of 1.7%.