Key Milestones

  • 2020
  • December 2020

    To operate Changshu China Merchants-Lippo O&G Hospital
    Entered into a lease agreement by CM Lippo to operate an Obstetrics & Gynaecology ("O&G") hospital to serve the needs in Changshu, Jiangsu

  • January 2020

    Entered into shareholders' agreement for the development of Prince Bay Hospital

  • 2019
  • December 2019

    Moved forward with the development of Prince Bay Hospital
    Subscribed for 50% shares in Riviera Quad International Limited for the development of Prince Bay Hospital

  • October 2019

    Acquired Wuxi Lippo Xi Nan Hospital in Wuxi, Jiangsu
    Completed the acquisition of a 70% stake in the operating company that operates Wuxi Lippo Xi Nan Hospital (无锡力宝锡南医院) and assumed full operating control

  • January 2019


    Ventured into Myanmar's healthcare market
    Announced acquisitions of 40% and 35% stakes in Yoma Siloam Hospital Pun Hlaing Limited and Pun Hlaing International Hospital Limited respectively, a joint venture with First Myanmar Investment Public Company Limited that own, manage and operate three hospitals, one medical centre and three clinics in Myanmar

  • 2018
  • December 2018


    Deepened collaboration with China Merchants Group
    OUELH signed a letter of intent with China Merchants Shekou Industrial Zone Holdings Co., Ltd. to jointly develop, operate and manage Prince Bay China Merchants-Lippo General Hospital in Shekou, Shenzhen("Prince Bay Hospital") to service the Greater Bay Area in China

  • October 2018


    Strategic acquisition of stakes in First REIT and its manager, First REIT Management Limited
    Completed acquisition of 40% interests in First REIT Management Limited (First REIT's manager) and 83,593,683 units of First REIT

    Completed a 1-for-1 Rights Issue to fund the acquisitions of First REIT Management Limited and First REIT

  • February 2018


    Welcomed ITOCHU Corporation as a strategic shareholder
    Completed placement of 562,500,000 new ordinary shares to an indirect subsidiary of ITOCHU Corporation

  • January 2018

    Established a strategic partnership with China Merchants Group
    Completed acquisition in Brainy World Holdings Limited, which has a 50% equity interest in China Merchants Lippo Hospital Management (Shenzhen) Limited ("CM Lippo"). CM Lippo is a joint venture company with a subsidiary of China Merchants Shekou Industrial Zone Holdings Co., Ltd., a member company of the China Merchants Group