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IHH gets license to set up Shanghai joint venture

 02-Jul-15, The Sun Daily 

IHH Healthcare Bhd's indirect wholly-owned subsidiary M&P Investments Pte Ltd has received a business licence from Shanghai Administration for Industry and Commerce, for the establishment of a 70%-owned sino-foreign equity company named Parkway Health Shanghai International Hospital Company Limited (PHSIH) for 20 years. The validity period of the licence is from June 29 to June 28, 2035.

IHH gets license to set up Shanghai joint venture (c) 15 Minute News

Image: 15 Minute News

This follows the equity joint venture contract dated April 6 and amendment to equity joint venture agreement dated May 8, entered into between M&P and Shanghai Hongxin Medical Investment Holding Co Ltd. The remaining 30% equity stake in PHSIH is owned by Shanghai Hongxin.

PHSIH was established on June 29 in China as a sino-foreign equity company. Its principal activity is the provision of medical and health related facilities and services, including multi-specialty hospital outpatient, inpatient, operating theatre and all other hospital facilities that are operated in connection.

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