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.
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
October 2017
Changed name to OUE Lippo Healthcare Limited
April 2017
OUE completed mandatory general offer of the Company