China's So-Young International Inc up on 791 mln yuan stake deal

So-Young International

28/06/2021 12:00

** U.S.-listed shares  SY.O  of Chinese online platform that
provides information related to cosmetic procedures rise 2% to
$9.87 premarket
    ** Company enters 791 mln yuan ($122.52 mln) agreement to
acquire controlling interest in Chinese medical equipment maker
Wuhan Miracle Laser Systems Inc  urn:newsml:reuters.com:*:nGNX323Myj
    ** Deal expected to close in Q3 2021
    ** "We believe that China's medical aesthetics industry
possesses huge growth potential and we are especially optimistic
about non-surgical medical aesthetics" - So-Young International
Inc CEO Xing Jin
    ** As of last close, So-Young International's U.S.-listed
shares down 12.9% YTD

 ($1 = 6.4559 Chinese yuan renminbi)

 (Reporting by Eva Mathews in Bengaluru)
 ((eva.mathews@thomsonreuters.com))