Shun Tak Hold(00242)to invest in healthcare JV Close
03/01/2018 18:23
(Infocast News) Shun Tak Hold(00242) said that, on 3 January 2018, WHDL, an indirect wholly-owned subsidiary of the Company, PCIH, BBPC, IPPL, HPRY, SPL, WCA and the JV Co entered into the JV Agreement pursuant to which the JV Partners agreed to jointly invest in the Healthcare Projects through their investments in the JV Co.

The total Committed Capital for the JV Co is US$500 million (equivalent to
about HK$3.9 billion). Upon subscription of the JV Shares pursuant to the
JV Agreement, WHDL will be interested in 30% equity interest in the JV Co and
its Commitment to the JV Co is US$150 million (equivalent to about HK$1,172.3 million).


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