HK Stock Market Move | SAINT BELLA GP(02508) rose more than 5% during intraday trading, planning to acquire a minority stake in the postpartum care business under Freudian Studio.

SAINT BELLA GP (02508) rose more than 5% during the trading session, with an increase of 4.73% as of the time of writing, reaching 3.54 Hong Kong dollars, with a trading volume of 8.1223 million Hong Kong dollars. On the news front, on June 22, SAINT BELLA GP announced that the group has completed the strategic acquisition of a minority stake in the postpartum care business of Wuhan Freya Health Management Co., Ltd. (Freya) from several independent third parties (sellers), with a total consideration of approximately RMB 22.4 million. The acquisition involves the equity of the following companies: 30% equity of Wuhan Hean Mother and Baby Care Co., Ltd.; 30% equity of Wuhan Chen Yue Mother and Baby Care Co., Ltd.; 40% equity of Wuhan Jia Yuehui Health Consulting Co., Ltd.; and 40% equity of Wuhan Fenghua Health Consulting Co., Ltd. (collectively referred to as the "target companies"). According to the agreement between the parties involved in the acquisition, if the target companies achieve the agreed performance targets within the agreed period, the company has the right to request the sellers to sell additional equity in the target companies to the group at the same price-to-earnings (P/E) multiple valuation as the current acquisition, increasing the group's stake in the target companies to approximately 60% to 80%. The board of directors believes that this acquisition aligns with the group's overall development strategy and will help further solidify the group's leading position in the postpartum care industry in China and Asia.