(Yicai Global) Nov. 23 -- So-Young International, a Chinese plastic surgery networking and booking platform, has received a non-binding privatization proposal from its co-founder and chairman at a 10 percent premium on yesterday’s closing price.

Jin Xing is offering to take the Beijing-based company private at USD5.30 per share, So-Young said yesterday. Its stock [NASDAQ:SY] surged 11.57 percent yesterday to close at USD4.82.

The board has just received the proposal letter and no decisions have been made yet, it added. Jin holds 16 percent equity and 84 percent voting rights.

So-Young, which offers information and advice about medical aesthetics in China as well as a booking service for its registered cosmetic surgery providers, logged a 6.5 percent jump in net profit in the third quarter from the same period last year to CNY6.8 million (USD1.1 million). Revenue was up 20 percent at CNY431.5 million (USD67 million).

The number of paying cosmetic surgery providers surged 18.2 percent in the three months ended Sept. 30 year on year to 4,841, although the number of monthly active users dropped to 8 million from 8.7 million. Some 174,200 people used its booking services and the total value of plastic surgery transactions conducted through the platform came to CNY755.4 million (USD118 million).

Editor: Kim Taylor