HealthyWay Inc, in which Baidu (09888.HK) holds nearly 12.5% of the shares, submitted its Hong Kong listing application for the third time, with China Construction Bank International as the sole sponsor.
HealthyWay received the green light from the China Securities Regulatory Commission for its overseas share issuance on June 24, and it planned to issue no more than 109 million ordinary shares.
HealthyWay is one of the largest digital healthcare service platforms in mainland China and in the first half of 2024 and it had 195 million individual registered users and 877,200 registered doctors as of the end of June, with connections to 11,727 hospitals, according to its prospectus.
In the first six months of the year, the company’s revenue rose by 14.5% year over year to more than 610 million yuan while its loss narrowed by 45.1% to 55.8 million yuan.