(Hong Kong, 25 March 2021) Trustar Capital (formerly known as CITIC Capital Partners, a private equity
affiliate of CITIC Capital Holdings Limited) is pleased to announce that it has completed the subscription
of the convertible bonds issued by Genertec Universal Medical Group Company Limited (HKEX: 2666,
‘Genertec Universal Medical’ or ‘The Company’). The convertible bonds are issued in an aggregate
principal amount of USD150 million, with a 2% coupon and 5-year maturity.
The purposes of the net proceeds, which is equivalent to approximately USD148 million after expenses,
will be used to support the business development of the Company’s hospital group business, business
operation of its finance and advisory business, and general corporate purposes. Genertec Universal
Medical believes that the funding will further strengthen its strategic presence and leadership in the
healthcare industry.
The Company is an integrated healthcare service provider with focuses on the fast-growing healthcare
service industry in China. Leveraging its own rich medical resources and strong financial strength, the
Company strives to build up a trustworthy healthcare conglomerate focusing on medical services and
supported by financial services so as to gradually build a shared and win-win healthcare industrial
ecosystem. Currently, Genertec Universal Medical owns more than 50 hospital operations, with over
15,000 beds.
The Company strives to build up a trustworthy healthcare conglomerate by focusing on medical services
and supported by financial services and leverages on Trustar’s well-established track record of
investments into healthcare and financial services sectors in China and around the world, and its
accumulated extensive experience and resources.
Yichen ZHANG, Chairman of both CITIC Capital Holdings Limited and Genertec Universal Medical, said:
“Trustar and Genertec Universal Medical have fostered a solid long-term strategic partnership over the
years and we are delighted to have participated in their mixed ownership restructuring. We share their
business vision and are happy to help further improve the Company’s corporate governance, strategy
implementation, and capital market initiatives to facilitate its continuing growth and expansion in the
medical and financial services businesses.”
Ends –
About Genertec Universal Medical Group Limited
Genertec Universal Medical Group is a leading healthcare group in China and a listed subsidiary of
Fortune 500 company China General Technology (Group) Holding Co., Ltd, a backbone state-owned
enterprise under direct administration of the PRC central government. Focusing on China’s fast developing healthcare service sector and relying on the rich global healthcare resources and strong
capital strength, Genertec Universal Medical strives to build up a trustworthy healthcare conglomerate
focusing on medical services and supported by financial services so as to gradually build a shared and
win-win healthcare industrial ecosystem. For further information about the company and the relevant
announcement, please visit https://en.umcare.cn/.
About Trustar Capital
Trustar Capital (formerly known as CITIC Capital Partners), focuses on control buyout opportunities
globally and has completed over 80 investments since inception across China, Japan, U.S., Europe, etc.
Trustar Capital currently manages USD7.7 billion of committed capital. For more information, please visit
www.trustarcapital.com.
Trustar Capital is a private equity affiliate of CITIC Capital Holdings Limited. Founded in 2002, CITIC
Capital Holdings Limited is an alternative investment management and advisory company. The firm
manages over USD36 billion of capital across 90 funds and investment products through its multiple
asset class platform covering private equity, real estate, structured investment & finance, and asset
management. CITIC Capital has over 150 portfolio companies that span 11 sectors and employ over
800,000 people around the world.
For media enquiries, please contact:
Cindy TAM
Director, Corporate Relations
CITIC Capital Holdings Limited
Tel: +852 3710 6813
cindytam@citiccapital.com
Irene GAO
Senior Associate, Corporate Relations
CITIC Capital Holdings Limited
Tel: +852 3710 6814
irenegao@citiccapital.com