Key Milestones

  • 2021
  • December 2021

    Proposed to divest 12 Japan Nursing Homes to First REIT

  • November 2021

    Pun Hlaing Hospitals procured Sinopharm vaccines to administer in Myanmar

  • February 2021

    Launched strategic recapitalisation plan to convert shareholders' loans to Convertible Perpetual Securities
    Subscribed for First REIT’s rights issue

  • 2020
  • December 2020

    To operate Changshu China Merchants-Lippo O&G Hospital
    Entered into a lease agreement by CM Lippo to operate an Obstetrics & Gynaecology ("O&G") hospital to serve the needs in Changshu, Jiangsu

  • January 2020

    Entered into shareholders' agreement for the development of Prince Bay Hospital

  • 2019
  • December 2019

    Moved forward with the development of Prince Bay Hospital
    Subscribed for 50% shares in Riviera Quad International Limited for the development of Prince Bay Hospital

  • October 2019

    Acquired Wuxi Lippo Xi Nan Hospital in Wuxi, Jiangsu
    Completed the acquisition of a 70% stake in the operating company that operates Wuxi Lippo Xi Nan Hospital (无锡力宝锡南医院) and assumed full operating control

  • January 2019

    Pun Hlaing Hospital Hlaing Tharyar
    Ventured into Myanmar's healthcare market
    Joint venture with First Myanmar Investment Public Company Limited to own, operate and manage Pun Hlaing Hospitals in Myanmar

  • 2018
  • December 2018

    Deepened collaboration with China Merchants Group
    OUELH signed a letter of intent with China Merchants Shekou Industrial Zone Holdings Co., Ltd. to jointly develop, operate and manage Prince Bay China Merchants-Lippo General Hospital in Shekou, Shenzhen("Prince Bay Hospital") to service the Greater Bay Area in China

  • October 2018

    Strategic acquisition of stakes in First REIT and its manager, First REIT Management Limited
    Completed acquisition of 40% interests in First REIT Management Limited (First REIT's manager) and 83,593,683 units of First REIT

    Completed a 1-for-1 Rights Issue to fund the acquisitions of First REIT Management Limited and First REIT

  • February 2018

    Welcomed ITOCHU Corporation as a strategic shareholder
    Completed placement of 562,500,000 new ordinary shares to an indirect subsidiary of ITOCHU Corporation

  • January 2018

    Established a strategic partnership with China Merchants Group
    Completed acquisition in Brainy World Holdings Limited, which has a 50% equity interest in China Merchants Lippo Hospital Management (Shenzhen) Limited ("CM Lippo"). CM Lippo is a joint venture company with a subsidiary of China Merchants Shekou Industrial Zone Holdings Co., Ltd., a member company of the China Merchants Group