OUE Lippo Healthcare

Corporate

Key Milestones

  • 2019

  • January 2019


    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.

  • 2018

  • December 2018


    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.

  • October 2018


    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.

  • June 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.

  • February 2018


    Welcomed ITOCHU Corporation as Strategic Shareholder
    Completed Placement of 562,500,000 new ordinary shares to an indirect wholly-owned subsidiary of ITOCHU Corporation

  • January 2018

    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

  • 2017

  • October 2017


    Changed name to OUE Lippo Healthcare Limited

  • April 2017


    OUE completed mandatory general offer of the Company