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Asian American buys stake in China's Rich Tree Land

 12-Aug-15, Business Times 

Asian American Medical Group Limited (AAMG) on Wednesday said it has acquired a 60 per cent stake, valued at S$19.6 million, in Rich Tree Land (RTL) Pte Ltd for the development of an advanced diagnostic and wellness medical centre in Zhuhai, southern China.

Asian American buys stake in Chinas Rich Tree Land (c) Asian American Medical Group

Image: Asian Medical Group

The group has been appointed the project lead manager for the development of the Zhuhai-Singapore Life Science Park Phase 1.

It is a specialist ambulatory medical centre offering health-screening, endoscopic and operation services, as well as multi-disciplinary medical consultations including a one-stop suite of aesthetic services. These investments are expected to cost about S$80 million.

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