Affluent Foundation (HKG:1757) said it plans to commence new businesses in China focused on medical aesthetics, and healthcare and wellness, according to a Feb. 6 Hong Kong bourse filing.

Shares of the firm were up nearly 2% in Monday morning trade.

The company said it may pursue strategic investments, partnerships, mergers, and acquisitions to expand across both sectors.

It stressed that the plans remain at an early stage, with no legally binding agreements signed, and that the new business may or may not proceed.