Modern Dental (03600) soared more than 17%, and as of the time of writing, the stock was up 17.21% to HK$6.06, with a turnover of HK$20.4923 million.

Recent media reports indicate that Hillhouse Investment has acquired a minority stake in the Hong Kong-listed company Modern Dental through a block trade, increasing its shareholding from less than 1% to 17.24%.

According to a filing with the Hong Kong Stock Exchange on January 23, XX-I SHT Holdings Limited purchased 161 million ordinary shares of Modern Dental off-market on January 19 at an average price of HK$5.8 per share, representing a transaction value of approximately HK$935 million.

Following this acquisition, the latest shareholding of XX-I SHT Holdings Limited stands at 161 million shares, with its long position rising from 0.00% to 17.24%.

The transaction involved other related parties: Hillhouse Investment Management, Ltd., Hillhouse Investment Management V, L.P., and Hillhouse Fund V, L.P.