GR LIFE STYLE plans to acquire 100% equity of a digital healthcare service company
GR LIFE STYLE plans to acquire 100% equity of a digital healthcare service company and has signed a non-binding letter of intent with a potential seller. The company aims to achieve business diversification through this acquisition, broaden its revenue sources, and create synergies with its existing business, aligning with the group's strategic development plan, ultimately improving shareholder returns
According to the Zhitong Finance APP, GR LIFE (00108) announced that on September 15, 2025, the company entered into a non-binding letter of intent with a potential seller regarding the group's possible acquisition of 100% equity in a potential target.
According to the information provided by the potential target, it is a limited liability company registered in the People's Republic of China, primarily engaged in digital medical services.
The announcement stated that the group has two reportable operating segments, including (i) property management segment; and (ii) property development and investment segment. The first segment operates in China, while the second segment operates in China, the United States of America, and the United Kingdom. While continuing to expand the property management segment and the property development and investment segment, the group has also been exploring potential business opportunities aimed at seeking business diversification, broadening its revenue sources, and ultimately improving shareholder returns. The board believes that the anticipated acquisition under the letter of intent aligns with the group's strategic development plan, and if successful, the acquisition could generate synergies with the group's existing business and expand the group's revenue sources. Therefore, entering into the letter of intent is in the overall interest of the group and its shareholders
