PhotonMed HK entered into an agreement to acquire 40% stake in Alma Hong Kong 2023 Limited from Sisram Medical Ltd (SEHK:1696) for CNY 270 million on March 30, 2023. The transaction is subject to receipt of all necessary governmental approvals. The expected longstop date is June 30, 2023.

PhotonMed HK completed the acquisition of 40% stake in Alma Hong Kong 2023 Limited from Sisram Medical Ltd (SEHK:1696) on June 28, 2023.