SINGAPORE (Jan 10): Itochu Corporation, one of the largest trading companies in the world, is all set to become a strategic investor in OUE Lippo Healthcare through the private placement of $78.8 million worth of shares.

Itochu, with a market capital of over US$30 billion, intends to diversify into the growing healthcare market in Asia by taking a strategic stake in OUELH, the healthcare subsidiary of OUE.

OUELH says proceeds from the placement will be used to strengthen its financial position and put it in good stead to execute its business plans.

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