IHH getting into China

IHH Healthcare Bhd's unit, Parkway (Shanghai) Hospital Management Ltd, has secured a licence to establish a foreign wholly-owned enterprise reinvestment clinic in China.

In a filing with Bursa Malaysia yesterday, IHH said Parkway had on April 22, 2014 received the business licence from Suzhou New District (Hu Qiu) Administration of Industry and Commerce for the clinic, named Suzhou Xin Hui Clinic Co Ltd.

The licence was valid from April 22, 2014 to April 21, 2034 and has capital of RMB3 million (RM1.57 million) capital.

The Xin Hui Clinic will provide medical and healthcare outpatient services.

"The establishment of Xin Hui Clinic is not expected to have a material effect on the earnings or net assets of the IHH Group for the current financial year ending Dec 31, 2014," IHH said.

/theSUNdaily 24-04-2014

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