OUE to acquire OUELH stake from ITOCHU

Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No OUE will support the long-term prospects of OUELH. OUE has signed an agreement with Tokyo-based ITOCHU Corporation to purchase its shares of OUE Lippo Healthcare (OUELH). In an announcement in the Singapore Exchange, the real estate giant said it has signed a purchase agreement and a memorandum of understanding with ITOCHU to purchase its 6% stake in Singapore-based OUELH. On 31 March, OUE will purchase the shares of OUELH for approximately $27.6m, or at $0.10 per unit. read more