---
title: "Wenzhou Kangning Plans RMB31.45 Million Connected Property Purchase for Teaching and Research"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286781126.md"
description: "Wenzhou Kangning Hospital Co plans to acquire a property for RMB31.45 million from Guoda Investment to enhance its teaching and research capabilities. The transaction requires shareholder approval at the upcoming AGM and is classified as a connected transaction due to director Guan Weili's majority ownership in Guoda. An independent committee will assess the deal's fairness, with related parties abstaining from voting to protect minority investors."
datetime: "2026-05-18T13:35:11.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286781126.md)
  - [en](https://longbridge.com/en/news/286781126.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286781126.md)
---

# Wenzhou Kangning Plans RMB31.45 Million Connected Property Purchase for Teaching and Research

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The latest announcement is out from Wenzhou Kangning Hospital Co ( (HK:2120) ).

Wenzhou Kangning Hospital Co plans to acquire a property from Guoda Investment for RMB31.45 million to serve as a venue for teaching and scientific research, reflecting its continued investment in educational and R&D infrastructure. The transaction is subject to shareholder approval at the upcoming AGM, after which a formal purchase agreement will be executed and further details disclosed in accordance with Hong Kong listing rules.

Because Guoda Investment is majority-owned by director Guan Weili, the deal is classified as both a discloseable and connected transaction, triggering reporting, announcement and independent shareholder approval requirements. An independent board committee and an external financial adviser have been appointed to assess the fairness of the terms, while related parties holding about 39.47% of shares will abstain from voting, aiming to protect minority investors’ interests and ensure governance compliance.

**More about Wenzhou Kangning Hospital Co**

Wenzhou Kangning Hospital Co is a healthcare services provider focused on psychiatric and mental health care, operating hospitals and related facilities in China. The company also engages in medical education and scientific research activities, supporting its core clinical services and strengthening its role in specialized healthcare.

**Average Trading Volume:** 5,620

**Current Market Cap:** HK$645.4M

For an in-depth examination of 2120 stock, go to TipRanks’ Overview page.

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