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OUE Lippo Healthcare associate enters into loan agreement with China Construction Bank for $24 mil loan

Felicia Tan
Felicia Tan • 2 min read
OUE Lippo Healthcare associate enters into loan agreement with China Construction Bank for $24 mil loan
Shares in OUE Lippo Healthcare closed flat at 3.4 cents on July 29.
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China Merchant Lippo Changshu O&G Hospital Co., Ltd, an associated company of SGX-listed OUE Lippo Healthcare, has entered into a loan agreement with China Construction Bank, Changshu, for the grant of a loan of RMB115 million ($24 million) for 15 years.

China Merchant Lippo Changshu O&G Hospital Co., Ltd, is the operating company of the China Merchant-Lippo obstetrics and gynaecology hospital in Changshu.

It is wholly owned by China Merchants Lippo Hospital Management (Shenzhen) Limited, which is indirectly owned in equal proportion by OUE Lippo Healthcare and OUE Lippo Healthcare’s independent third-party joint venture partner, China Merchants Shekou Industrial Zone Holdings Co., Ltd.

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