Aesthetic medical international holdings group limited announces termination of agreement to acquire controlling interest in guangdong hanfei investment management co., ltd.

Shenzhen, china, jan. 04, 2021 (globe newswire) -- aesthetic medical international holdings group limited (nasdaq: aih) (the “company” or “aih”), a leading provider of aesthetic medical services in china, today announced that the company has terminated the agreement to acquire a 51% equity interest in guangdong hanfei investment management co., ltd. (“hanfei”), previously announced on july 14, 2020. the termination was a result of amicable negotiation of the parties following hanfei's failure to meet the agreed-upon performance target largely due to the impact from the covid-19 pandemic.
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