Hywin Holdings Ltd., a leading independent wealth management service provider in China, has announced that it has won a bid to acquire the land use rights of a parcel of land in the Boao Lecheng International Medical and Tourism Pilot Zone in Hainan Province. The Real Property has a total site area of 56,449.39 square meters and will be used to build Hywin’s first integrated health management center pilot project.
The Boao Lecheng zone is dedicated to the development of medical technology, medical services, and medical tourism, and offers favorable government policies to support these endeavors. Hywin believes that the prime location of the Real Property, combined with government support and the construction potential of the Hainan Free Trade Port, presents a unique opportunity for the company to carry out its integrated health management center strategy.
The confirmation notification states that Hywin has won the bid for approximately RMB129.2 million. The consideration will be settled in cash and includes a bid security deposit of RMB10.0 million. The bid price takes into account factors such as the minimum bid price, current market conditions, location, and nearby land transactions.
Hywin Holdings is a leading wealth management service provider in China, offering asset allocation advisory services and comprehensive financial products to high-net-worth clients. The company’s primary services include wealth management, asset management, and health management. It aims to become a dual-platform serving clients across market cycles and life cycles.
Sources:
– Hywin Holdings Ltd.
– GLOBE NEWSWIRE
