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OUE Lippo Healthcare's Prince Bay Hospital secures $70 mil loan

Felicia Tan
Felicia Tan3/28/2022 05:58 PM GMT+08  • 2 min read
OUE Lippo Healthcare's Prince Bay Hospital secures $70 mil loan
Photo: OUELH
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Le Kang Assets (Shenzhen), an associated company of SGX-listed OUE Lippo Healthcare (OUELH), has entered into a loan agreement with the Bank of China (BoC) for the grant of a RMB330 million ($70 million) loan on March 28.

The loan will be used for the construction and renovation of Prince Bay Hospital.

According to the SGX filing, the development of the hospital is progressing as planned. Its main structural construction is slated to be completed in the first half of 2022.

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