Venturing into Myanmar's Healthcare Market
Announced proposed acquisitions of 40.0% and 35.0% stakes in Yoma Siloam Hospital Pun Hlaing Limited and Pun Hlaing International Hospital Limited respectively, which own, manage and operate 3 hospitals, 1 medical centre and 2 clinics in Myanmar. The companies are a joint venture with First Myanmar Investments Public Company Limited, which holds the remaining stakes.
Deepening Collaboration With China Merchants Group
OUELH signed a letter of intent with China Merchants Shekou Industrial Zone Co., Ltd to jointly develop, operate and manage an international hospital in Prince Bay, Shekou, Shenzhen to service the Greater Bay Area in China
CMLHM signed management agreements to manage three medical facilities in Shanghai, Chongqing and Nanjing and shall ensure that the three medical facilities meet certain performance benchmarks. CMLHM is to receive 5.0% of the annual revenue of the medical facilities as management fee.
Acquired a Strategic Stake in First Reit and its Manager, Bowsprit Capital Corporation Limited ("Bowsprit")
Completed acquisition of 40.0% interest in Bowsprit (First REIT's manager) and 83,593,683 units of First REIT (10.6%1 of total issued and paid up units of First REIT)
Completed a 1-for-1 Rights Issue to fund for the acquisition of stakes in Bowsprit and First REIT
1 As at 31 December 2018.
First Agreement Entered with China Merchants Group
CMLHM entered into a Framework Agreement with China Changjiang National Shipping Group Co., Ltd and Shanghai Changjiang Shipping Co., Ltd.
Welcomed ITOCHU Corporation as Strategic Shareholder
Completed Placement of 562,500,000 new ordinary shares to an indirect wholly-owned subsidiary of ITOCHU Corporation
Established Strategic Partnership with China Merchants Group
Completed acquisition of Brainy World Holdings Limited, which indirectly holds 50.O% shareholding interest in China Merchants Lippo Hospital Management (Shenzhen) Limited (“CMLHM”). CMLHM is a joint venture company with a subsidiary of China Merchants Shekou Industrial Zone Co., Ltd, a member company of the China Merchants Group
Changed name to OUE Lippo Healthcare Limited
OUE completed mandatory general offer of the Company