Hillhouse Investment Acquires 17% Stake in Modern Dental for HKD 935 Million, Stock Price Returns to 2022 Highs

*Source: Hong Kong Stock Exchange

DentalGoodNews | Recently, Hillhouse Investment Management Limited (hereinafter referred to as "Hillhouse") purchased 161.2 million shares of Modern Dental Group Limited (hereinafter referred to as "Modern Dental") through an over-the-counter transaction at HKD 5.8 per share, with a total transaction value of HKD 935 million (approximately RMB 728 million), increasing its shareholding from less than 1% to 17.24%.

According to data from the Hong Kong Stock Exchange, Modern Dental has a market capitalization of approximately HKD 5.61 billion (approximately RMB 5.019 billion). Since Hillhouse's acquisition of its shares, Modern Dental's stock price has recovered to its highest level since 2022.

*Source: Hong Kong Stock Exchange

*Source: Hong Kong Stock Exchange

Previously, Modern Dental announced that the equity structure of its controlling shareholder, Triera Holdings Limited, had changed. On December 5, 2025, Chan Kwun-fung transferred 50% of his shareholding to CKF Family Limited, a family trust, to implement his family planning and succession arrangements. This transfer enabled CKF Family Limited and the trustee to obtain more than 30% of the voting rights in Modern Dental.

*Source: Modern Dental Q3 2025 Update

According to GoodNews' previous report, Modern Dental's total revenue in the first three quarters reached HKD 2.752 billion, representing a year-on-year increase of 9.2%; total sales volume was approximately 2.115 million units, up 29.5% year-on-year. In specific markets, sales in mainland China decreased by 6.2% in original currency terms, while the Hong Kong market declined by 14.7%, primarily due to mainland Chinese clinics promoting dental implant treatments in Hong Kong, which reduced the number of Hong Kong patients seeking treatment locally. In response, Modern Dental stated its intention to move away from low-margin markets and focus on serving medium-to-high-value customers to ensure long-term sustainable profitability.