CM Lippo is a 50:50 joint venture company with a subsidiary of China Merchants Shekou Industrial Zone Holdings Co., Ltd., a member company of the China Merchants Group. CM Lippo is currently developing a hospital – Shenzhen China Merchants – Lippo Prince Bay Hospital (“Prince Bay Hospital”) in Shenzhen and operates Changshu China Merchants – Lippo Obstetrics & Gynaecology Hospital (“Changshu Hospital”) in Changshu, Jiangsu.
The Company believes that its healthcare management expertise, coupled with the deepening partnership with the China Merchants Group, will put OUEH in good stead to capture the growing healthcare opportunities in China.