Swire Eyes More Hospital Investment in China, Southeast Asia [BNN Bloomberg (Canada)]
CATHAY PAC AIRWAYS S/ADR (CPCAY)
NASDAQ:AMEX Investor Relations:
cathaypacific.com/cx/en_us/about-us/investor-relations/financial-briefings.html
Company Research
Source: BNN Bloomberg
It has agreed in principal to acquire a controlling stake in DeltaHealth China Ltd., a hospital in Shanghai specializing in heart and vascular care. The purchase will mark the first health-care project where Swire leads the operation, as the Hong Kong-based conglomerate seeks to boost growth. It follows Swire's minority investment in the facility in 2021 and aligns with the group's strategy of being a long-term owner and operator of health-care services, Chairman Guy Bradley said in a statement Thursday. “We will seek investment opportunities in the Chinese mainland and Southeast Asia which have demonstrated profitability and have the potential for future growth,” he said. “The challenges and uncertainty in the current economic environment may result in more opportunities coming to market in the medium term.” Read more: Xi's Corruption Crackdown Rocks $1 Trillion Health Care Industry The group on Thursday reported record underlying profit of HK$36.2 billion ($4.6 billion) for
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