Swire Pacific invests in new Shenzhen private hospital as part of strategy to tap ‘robust’ consumer spending in mainland China

//Swire Pacific invests in new Shenzhen private hospital as part of strategy to tap ‘robust’ consumer spending in mainland China

Swire Pacific invests in new Shenzhen private hospital as part of strategy to tap ‘robust’ consumer spending in mainland China

Hong Kong-based conglomerate Swire Pacific has acquired a stake in Shenzhen New Frontier United Family Hospital for an undisclosed amount, it said on Friday.Swire Pacific’s investment – its second in the mainland hospitals sector – comes as part of a strategy to identify new and diversified investment opportunities that increase its exposure to the robust growth in consumer spending in China, the company said. It had made an “associate” investment, which typically means a 20 per cent to 50 per…

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By | 2021-03-20T01:00:20+00:00 March 20th, 2021|Business|Comments Off on Swire Pacific invests in new Shenzhen private hospital as part of strategy to tap ‘robust’ consumer spending in mainland China