SBC Medical Group Holdings Inc. (SBC) saw its shares surge 8.38% in pre-market trading on Monday. This significant jump follows the company's announcement of a definitive agreement to acquire Aesthetic Healthcare Holdings Pte. Ltd., a Singapore-based owner and operator of several aesthetic medical treatment brands.

The acquisition marks SBC's first strategic move in its plan to expand globally, with a primary focus on the U.S. and Asia markets. By acquiring Aesthetic Healthcare, SBC gains a foothold in the rapidly growing Asian aesthetic medical industry through the latter's established presence in Singapore.

With 21 outlets across four brands, Aesthetic Healthcare caters to diverse customer needs and has built strong brand recognition in the region. This acquisition enables SBC to leverage these strengths and Aesthetic Healthcare's local expertise to promote strategic partnerships and accelerate its expansion throughout Asia.