OUELH to co-develop hospital in Shenzhen for 126.3m yuan

Singapore

OUE Lippo Healthcare (OUELH) will jointly develop a hospital in Shenzhen, China, with Hong Kong-based, state-owned conglomerate China Merchants Group (CMG).

OUELH will do so by buying a 50 per cent stake in Riviera Quad International, which owns the land use rights of the land parcel, from China Merchants Shekou Industrial Zone (CMSK) for 126.3 million yuan (S$24.6 million).