Union Medical implants China growth into IPO story

The HK-based plastic surgery and beauty treatments provider is pressing ahead with its IPO, hoping steadier markets and its untapped China growth story will see it over the line.
A Union Medical advertisement featuring Gillian Chung, a Hong Kong celebrity and a company spokesperson
A Union Medical advertisement featuring Gillian Chung, a Hong Kong celebrity and a company spokesperson

Hong Kong-based aesthetic medical service provider Union Medical Healthcare is pressing ahead with its initial public offering, encouraged by the less volatile market conditions since premarketing of the deal began two weeks ago.

The Hang Seng Index ended Monday at 19,111 points, largely unchanged from its mid-February level, indicating that investor confidence has yet to overcome its nagging Chinese growth worries but also opening a narrow window for potential IPOs.

At least that is what the management team at Union Medical believes, having launched the transaction on Monday and set a target listing date on March 11. 

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