[ET Net News Agency, 4 January 2018] Shun Tak Holdings (00242) said it entered into a
joint venture agreement with six partners for the purpose of jointly investment in
healthcare projects through their investments in the joint venture company.
The total committed capital of the JV is US$500 million (equivalent to about HK$3.9
billion). Upon subscription, Shun Tak will be interested in 30% equity interest in the JV
and its commitment to the JV is US$150 million (equivalent to around HK$1,172.3 million).
The projects comprise of potential real estate project(s) predominantly for healthcare
usage, with hotel and/or retails components, complemented by healthcare-related amenities,
and include mixed use properties, located in provincial capital cities in the PRC with
superior connectivity with high-speed railway. (HL)