Listed on the Catalist Board of Singapore Exchange Securities Trading Limited ("SGX-ST"), OUE Lippo Healthcare Limited ("OUELH") is a subsidiary company of OUE Limited ("OUE").
OUELH is a Pan-Asian healthcare group that owns, operates and invests in quality healthcare assets in high-growth Asian markets. OUELH currently owns 12 nursing homes in Japan and operates one hospital in China. Its joint venture in China is also developing one hospital and will lease and operate another hospital.
It also holds 40% stake in the joint venture companies that own and operate seven medical facilities in Myanmar and a 40% stake in First REIT Management Limited, which is the manager of First Real Estate Investment Trust ("First REIT"), Singapore's first listed healthcare real estate investment trust. Additionally, OUELH owns approximately a 15% stake in First REIT.
OUELH continually seeks to grow its healthcare businesses in Asia via its three-pronged strategy in developing strategic partnerships, growing its Pan-Asian presence and adopting an asset-light approach.
OUE, listed on the Main Board of the SGX-ST, is a diversified real estate owner, developer and operator with a real estate portfolio located in prime locations in Asia. OUE consistently grows its business by leveraging its brands and proven expertise in developing and managing landmark assets across the commercial, hospitality, retail and residential sectors. In 2017, OUE expanded its portfolio into the healthcare sector with the acquisition of OUELH, and this was followed by the acquisition of First REIT Management Limited, the manager of First REIT jointly with OUELH in 2018. In 2019, OUE expanded into the consumer sector with OUE Restaurants.
In February 2018, ITOCHU Corporation ("ITOCHU") took a strategic stake in OUELH with the completion of a placement of 562,500,000 new ordinary shares.
ITOCHU is listed on the Tokyo Stock Exchange and is amongst the largest and most diversified trading companies in the world with a presence in 63 countries.