Caixin
Nov 24, 2021 07:52 PM
BUSINESS

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

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.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST
China Stories: How a Rich Child Rapist Bribed His Way Off Death Row
00:00
00:00/00:00