Wuxi court declares OUELH subsidiary 'rightful and legal' owner of Wuxi land plot

OUE Lippo Healthcare (OUELH) was informed on Monday by the receivers of Healthcare Solution Investment (HSI) that the Wuxi Intermediate Court has accepted Weixin Hospital Investment Management (Shanghai) Co's application to withdraw its appeal over a land-litigation matter.

In legal proceedings initiated by Weixin against OUELH's subsidiaries, it was declared that a 2015 land-transfer agreement between two OUELH units over a 22,681 sq m plot of land in Wuxi Jiangsu Province was void.

In November 2019, the Court found that the land-transfer agreement was legitimate and binding on all relevant parties, and dismissed Weixin's application for litigation.

A month later, Weixin appealed against the judgment.

But in May 2020, Weixin (under control of the receivers of HSI) applied to withdraw the appeal. However, the appeal was stayed pending the outcome of separate legal proceedings commenced by Weixin before the Shanghai Pudong Court over other matters.

The effect of the Court's Monday judgment is that the decision of the Wuxi Xinwu District Court in 2019 is final and binding on all parties.

OUELH's subsidiary, Wuxi Yilin Real Estate Development, is therefore the rightful and legal owner of the Wuxi Land, and there are no pending legal challenges in relation to the ownership of the Wuxi plot, OUELH said.