HK Stock Market Move | GUSHENGTANG (02273) rose by more than 4%, planning to acquire 70% equity of three medical institutions including Jinan Xinyang to expand the offline medical institution network.

GUSHENGTANG (02273) rose more than 4%. As of press time, it rose 3.13%, closing at HK$26.36, with a turnover of HK$20.217 million. On the news front, on March 3, GUSHENGTANG announced that on March 3, 2026, its subsidiary Shandong GUSHENGTANG Health Technology Co., Ltd. plans to acquire 70% equity of Jinan Xinyang, Jinan Yunshengtang and Jinan Licheng Yunshengtang. The target companies are all medical institutions mainly engaged in providing traditional Chinese medicine services and retail pharmacy services in Shandong Province, China. The announcement stated that the acquisition is in line with the group's expansion strategy to expand its offline medical institution network through acquisitions, under the premise that the company believes the acquisition will increase the group's market share in Shandong Province, China and create synergies between the target companies and the group's other offline medical institutions and online medical platforms.