China: OUELH to develop Shenzhen hospital

SGX-listed OUE Lippo Healthcare will develop a hospital in Shenzhen, China, with Hong Kong-based conglomerate China Merchants Group (CMG). OUELH will do so by buying a 50% stake in Riviera Quad International, which owns the land use rights of the land parcel, from China Merchants Shekou Industrial Zone (CMSK) for Rmb126.3m US$17.9m). The land is…

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