Jack Ma's Fund Only Bidder to Take Chinese Healthcare Provider off NASDAQ

(Beijing) – Yunfeng Capital, a private equity firm co-founded by Alibaba chairman Jack Ma, remains the only bidder ready to acquire a NASDAQ-listed Chinese healthcare provider, which is planning to delist from the U.S. exchange.

A consortium led by the Shanghai-based Meinian Onehealth Healthcare Group Co. dropped its offer to take Beijing-based iKang Healthcare Group Inc. private for US$25 per American depositary share (ADS) in cash, Meinian said in a filing to the Shenzhen Stock Exchange on June 8.