KN Hospital (02120) intends to acquire a property in Ouhai District, Wenzhou City, Zhejiang Province for 31.45 million yuan.

KN Hospital (02120) has announced that on May 18, 2026, the board of directors approved a proposal regarding a potential acquisition. The company plans to purchase the property from Guoda Investment for a price of 31.45 million Chinese Yuan. The property is intended to be used as a teaching and research site. It is located on the 12th-15th floors of the second phase of the business center in the Higher Education Park in ChaShan Street, OuHai District, Wenzhou City, Zhejiang Province, China. The building has a total area of 4,523.86 square meters, with a land use area of 267.90 square meters. The property is adjacent to Wenzhou Medical University, with outstanding location advantages, convenient transportation, and complete supporting facilities. This acquisition will allow for the integration of high-quality education and medical resources in the region, improve teaching and research efficiency, and provide strong hardware support for clinical teaching, scientific research innovation, and talent training for the company. It will help the company to build a high-level mental health medical education and research platform.