SPH expands aged care business with 5.26b yen Japan acquisition

Singapore

SINGAPORE Press Holdings (SPH) will acquire five aged care assets in Japan for 5.26 billion yen (S$65.8 million) as part of its strategy to expand to markets with fast-ageing populations.

This marks the media and property group's first overseas investment for its aged care business.

Two of its special purpose vehicles have entered into sale and purchase agreements for the acquisition, said SPH, which publishes The Business Times, in a bourse filing on Monday.

Three of the properties are in Hokkaido, one is in Nara in the Osaka Metropolitan Regi…

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