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.
%20Asian%20American%20Medical%20Group.jpg "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.