(Yicai Global) Sept. 28 -- A unit of Aier Eye Hospital Group Co. [SHE:300015] will invest USD30 million in Qihoo 360 Technology Co., a Chinese Internet security firm that media reports say has plans to list on China's A-share market next year.
Wholly owned Shannan Zhilian Medical Information Technology Ltd. will invest in Qihoo through an asset management scheme, Aier Eye Hospital Group said. It did not specify the size of the stake.
Qihoo [NYSE:QIHU] delisted from the New York Stock Exchange in July in a USD9.4 billion take-private deal. A group of investors led by founder Mr. Zhou Hongyi concluded an all-cash privatization agreement last year. The future market capitalization of the Beijing-based company is estimated at CNY100 billion (USD15 billion), more than its USD9.9 billion market cap in New York.
Changsha-based Aier Eye Hospital Group [SHE:300015], which runs dozens of eye hospitals across China, was founded by billionaire Chairman Chen Bang.