Nov 24, 2021 07:52 PM

BUSINESS

Top China Cosmetic Surgery Site Erases Share Gains After Buy-Out-Plan Bump

By Sun Yanran and Manyun Zou

So-Young’s office building in Beijing in December 2020. Photo: VCG

So-Young’s office building in Beijing in December 2020. Photo: VCG

Shares of So-Young International Inc., China’s leading online cosmetic surgery services platform, tumbled on Tuesday, giving up most of the previous day’s 12% gain which came on the back of news its co-founder was seeking to take the firm private.

Nasdaq-listed So-Young closed down 11% at $4.31 per share, one day after the firm announced CEO and Chairman Jin Xing had offered to buy the firm out for $5.3 per American Depositary Share (ADS) in cash.

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