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Union Medical Healthcare, the largest aesthetic medical service provider in Hong Kong, has said that it intends to change the use of the proceeds of its IPO.
Hong Kong-listed Hua Han Health Industry Holdings says that it is on course for the examination into the negative reports from Emerson Analytics last year to be completed by Grant Thornton by the end of the third quarter.
Hang Seng-listed China Medical & HealthCare Group expects to record a significant decrease in the loss attributable to the shareholders of the company for the year ended 30 June.
Beijing-based Symbow Medical, which develops surgical navigation devices, has raised Rmb120 million (US$17.8 million) Series A funding led by Huayi Capital. National Emerging Industry Guidance Fund, Shandong Buchang Pharmaceuticals, and Sangel Capital all participated.
International Healthway Corporation (IHC), a Singapore-listed integrated healthcare services and facilities provider, has warned that it expects to post a loss for the first and second quarters of the year. “The loss is mainly attributable to operating loss for 1Q2017 and impairment of certain receivables for 2Q2017, respectively,” the company said in a statement.
Medical glove manufacturer Careplus Group plans to raise M$18.9 million (US$4.4 million) via a private placement of shares. The group plans to sell 48.3 million shares at an indicative price of R$0.39 per share. RHB Investment Bank is managing the deal.
Private investment firm TE Asia Healthcare Partners and the Mother Teresa of Calcutta Medical Centre (MTCMC) in Pampanga have agreed to establish a Ps500 million (US$9.9 million) cancer treatment and management centre. The hospital is owned and operated by Silvermed Corporation.
Medical centre operator Primary Health Care has confirmed guidance for the year at the lower end of its guidance with expected net profits of A$92 million (US$73 million). It also flagged up a write down of A$575 million against its medical centres as the division has been underperforming.
Parkway Pantai, the largest operating subsidiary of IHH Healthcare, has sold a US$500 million Reg S perpetual non-call five at 4.25% off its newly established US$2 billon multicurrency programme. Deutsche Bank and HSBC are on the deal.
First REIT, the SGX healthcare real estate investment trust owned by Indonesia’s Lippo Group, has agreed to buy an integrated property on Buton Island, Indonesia, for S$28.5 million (US$20.1 million). The property comprises Siloam Hospitals Buton (SHBN) with ancillary healthcare-related space and a connected retail mall, Lippo Plaza Buton.

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Markets in Asia were generally lower today as investors hunkered down ahead of the US Federal Reserve’s two-day Federal Open Market Committee meeting, which finishes on Wednesday. “Confidence in Trumpflation has become increasingly muted and the market is pricing just two rate hikes until the end of 2019,” said Michala Marcussen, global head of economics at Societe Generale. A weak US dollar sent the Nikkei down 0.84%, while the ASX and the Kospi were also lower. Chinese markets remained elevated, with the Hang Seng and the Shanghai Composite both posting gains.



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