Hony Capital-backed Hospital Corp of China and Oriental Tally in M&A

Hony Capital-backed Hospital Corp of China and Oriental Tally in M&A

City centre at night. Beijing, China. Photo: Dominik Vanyi/Unsplash

In an acquisition between two firms controlled by Chinese private equity firm Hony Capital, Hong Kong-listed Hospital Corporation of China Ltd (HCC) has entered into a share purchase agreement to buy Oriental Tally Holdings Ltd for RMB630 million ($98.3 million) via convertible bonds, as per its stock market filing.

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