Yestar Healthcare (HKG:2393) said it is exploring a potential expansion into the advanced materials industry, according to a Monday Hong Kong bourse filing.
Shares of the healthcare consumables and equipment maker were down nearly 5% in Tuesday afternoon trading.
The company said it is assessing potential investments in coating production lines, research and development equipment, and related patents, with an initial focus on applications in the oil and gas, hydrogen, and new energy sectors.