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OUE Lippo Healthcare jumps 19% on deal with Itochu

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OUE Lippo Healthcare jumps 19% on deal with Itochu

PC Lee Published on Thu, Jan 11, 2018 / 11:15 AM GMT+8

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SINGAPORE (Jan 11): OUE Lippo Healthcare is up 20% or 2 cents to 14 cents after Japanese trading-focused conglomerate Itochu Corp takes a 25% stake by private placement.

See: Japan's Itochu acquires 25.3% stake in OUE Lippo Healthcare for $79 mil

The $78.8-million deal gives the manager of healthcare facilities in Japan and China a shot in the arm as it seeks to expand its healthcare portfolio further in the region.

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