The Business Times
business-time-50

Perennial enters eldercare and retirement home space in China with new MOU

google-preferred-sourceAdd BT as a preferred source
Published Thu, Jan 14, 2016 · 09:52 AM

PERENNIAL Real Estate Holdings Ltd has entered into a Memorandum of Understanding (MOU) for a joint venture, to operate a premium eldercare and retirement home in Chengdu, China.

It announced on Thursday that the MOU is with Shanghai Summit Property Development and Shanghai RST Chinese Medicine, to establish a 40-40-20 joint venture management company to run the home.

The inclusion of eldercare and retirement home operations in China is a first for Perennial.

The home will be at Chengdu East High Speed Railway Integrated Development Plot D2.

Share with us your feedback on BT's products and services

Feedback

TRENDING NOW

Non-interest income is up 51% at S$1.91 billion, driven by broad-based growth across fee, trading and insurance income.

OCBC Q2 profit rises 22% to S$2.22 billion, beating expectations

The earnings slightly beat the S$1.45 billion consensus forecast in a Bloomberg survey of five analysts.

UOB Q2 profit climbs 10% to S$1.48 billion, edging past estimates

Marina Square shopping mall is part of the Marina Square complex, which also includes three hotels.

DP Architects, PSB Academy to exit Marina Square ahead of revamp

“We believe further execution could drive renewed outperformance versus the Straits Times Index,” note the analysts.

DBS names seven ‘deep-value’ stock picks to ride Singapore’s value-unlocking theme

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More