Perennial Holdings enters partnership to establish hospital in Shanghai with 500 million yuan investment
Perennial General Hospital Shanghai's total investment cost is expected to amount to 500 million yuan (S$90.2 million), with a planned capacity of 500 beds.
A foreign medical investment company will be incorporated in the Lujiazui District, Shanghai, to establish the hospital, said Perennial Holdings.
The hospital will feature a team of medical experts from China and other countries. Aside from general medical areas such as internal medicine, surgery and health screening, it will house centres of excellence with specialisations including orthopaedics, oncology, cardiovascular diseases and otolaryngology.
The healthcare company said that the hospital will be built according to international standards, integrating advanced medical equipment and technology, as well as global service standards. It will also be designed with a garden-style environment, serve as a platform for global medical exchange, and foster collaboration and sharing of clinical expertise, the group added.
This move reaffirms the long-term confidence that Perennial Holdings has in China's healthcare market, said executive chairman and chief executive Pua Seck Guan.
'Shanghai is witnessing a burgeoning demand for premium and personalised medical services. The Perennial General Hospital Shanghai will leverage its strategic location to serve both local residents and expatriates in the city, and introduce innovative medical treatments and packages for high-net-worth international clients to support the growth of Shanghai's medical tourism sector,' he added.
Perennial Holdings has five healthcare-centric transit-oriented developments typically integrating medical care, eldercare and hospitality components, connected to high-speed railway stations located in Tianjin, Kunming, Chengdu, Xi'an and Chongqing in China.
It manages and operates over 25,000 beds in medical and eldercare facilities, comprising about 16,000 operational beds and over 9,000 beds in the pipeline, across 15 cities in China and Singapore. It is set to launch a private integrated rehabilitation and traditional Chinese medicine sanctuary, the group said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Straits Times
26 minutes ago
- Straits Times
AMD's China concerns overshadow upbeat sales forecast for AI
Sign up now: Get ST's newsletters delivered to your inbox AMD is the second-biggest provider of graphics chips, which form the basis for the AI accelerators that run in data centres. SAN FRANCISCO - Advanced Micro Devices, the second-largest maker of artificial intelligence processors, warned that its return to the crucial China market remains a work in progress, overshadowing a generally upbeat forecast for its AI business. As part of its quarterly earnings report on Aug 5, AMD declined to predict Chinese sales of its Instinct MI308, an AI processor that it designed for the country. The Trump administration had barred shipments of such chips to China in April, though it reversed course in July, raising hopes that AMD and rival Nvidia could soon resume sales. China is the largest market for semiconductors, and the restrictions have threatened to erase billions of dollars in total revenue from both companies. 'As our licenses are still under review, we are not including any MI308 revenue in our third-quarter guidance,' chief executive officer Lisa Su said on a conference call with analysts. Three months ago, AMD said it was taking US$800 million in writedowns related to the export restrictions and warned that the curbs would cost it US$1.5 billion in revenue this year. Wall Street has been waiting for a revised outlook in light of the shifting policy. Ms Su was optimistic about the overall market for AI computing. 'Looking ahead, we see a clear path to scaling our AI business to tens of billions of dollars in annual revenue,' she said during the call. The company also is ramping up its new MI350 lineup. AMD shares initially fell more than 5 per cent in extended trading on the China concern, before paring the losses during the conference call. They had gained 44 per cent in 2025 through the close, making AMD the best-performing stock in the semiconductor industry. Top stories Swipe. Select. Stay informed. Singapore 25-minute delay on East-West MRT Line between Boon Lay and Buona Vista due to track point fault Singapore Finding hidden vapes: Inside ICA's mission to uncover contraband at land checkpoints Singapore Sorting recyclables by material could boost low domestic recycling rate: Observers Singapore SM Lee receives Australia's highest civilian honour for advancing bilateral ties Asia Trump's sharp India criticism on tariffs, Russia oil corner Modi as rift deepens Singapore More train rides taken in first half-year, but overall public transport use stays below 2019 levels Singapore BlueSG needs time to develop software, refresh fleet, say ex-insiders after winding-down news Asia Cambodia-Thailand border clash a setback for Asean: Vivian Balakrishnan Third-quarter sales will be about US$8.7 billion (S$11.2 billion), the company said, topping the average analyst estimate of US$8.37 billion. AMD's second-quarter sales rose 32 per cent to $7.7 billion, compared with a US$7.43 billion average estimate. Profit was 48 US cents a share, minus certain items. Analysts projected 49 cents. Data centre sales gained 14 per cent to $3.2 billion in the period. On average, analysts had predicted US$3.25 billion. Personal computer-related sales climbed 67 per cent to US$2.5 billion. The average prediction was US$2.56 billion. In the decade since Ms Su took the top job at AMD, the company has become a key provider of technology across the computing industry. The ability to deliver competitive products - at a time when longtime nemesis Intel has stumbled - has brought a reversal of fortunes. AMD's market capitalisation is now roughly US$200 billion higher than Intel's. Still, neither company has matched the runaway success of Nvidia, whose dominance of AI accelerators has made it the world's most valuable business. AMD is the second-biggest provider of graphics chips, which form the basis for the AI accelerators that run in data centres. Its microprocessors, meanwhile, go head to head with Intel products in the markets for PCs and servers. BLOOMBERG
Straits Times
26 minutes ago
- Straits Times
Prince Harry cleared of ‘bullying' in African charity row
Sign up now: Get ST's newsletters delivered to your inbox The charity Sentebale was at the centre of an explosive boardroom dispute in late March and April. LONDON - The UK's charity watchdog on Aug 6 cleared Britain's Prince Harry of accusations of bullying in a row with an African charity he founded, but deplored that the bitter internal dispute was played out in public. The charity Sentebale was at the centre of an explosive boardroom dispute in late March and April when its chairperson Sophie Chandauka publicly accused Prince Harry , the youngest son of the UK's King Charles III, of 'bullying'. Days earlier, Prince Harry and co-founder Prince Seeiso of Lesotho had announced they were resigning from the charity they established in 2006, after the trustees quit when Ms Chandauka refused their demand to step down. Prince Harry, also known as the Duke of Sussex, launched the charity in honour of his mother, Princess Diana, to help young people with HIV and AIDS in Lesotho and later Botswana. After its months-long inquiry, the UK-based Charity Commission 'found no evidence of widespread or systemic bullying or harassment, including misogyny or misogynoir at the charity', it said in its conclusions published on Aug 6. But it 'criticised all parties to the dispute for allowing it to play out publicly' saying the 'damaging internal dispute' then 'severely impacted the charity's reputation'. It added there was 'a lack of clarity in delegations' and added this led to 'mismanagement in the administration of the charity'. Top stories Swipe. Select. Stay informed. Singapore 25-minute delay on East-West MRT Line between Boon Lay and Buona Vista due to track point fault Singapore Finding hidden vapes: Inside ICA's mission to uncover contraband at land checkpoints Singapore Sorting recyclables by material could boost low domestic recycling rate: Observers Singapore SM Lee receives Australia's highest civilian honour for advancing bilateral ties Asia Trump's sharp India criticism on tariffs, Russia oil corner Modi as rift deepens Singapore More train rides taken in first half-year, but overall public transport use stays below 2019 levels Singapore BlueSG needs time to develop software, refresh fleet, say ex-insiders after winding-down news Asia Cambodia-Thailand border clash a setback for Asean: Vivian Balakrishnan It has issued the charity with a plan to 'address governance weaknesses'. Prince Harry said in an April statement that the events had 'been heartbreaking to witness, especially when such blatant lies hurt those who have invested decades in this shared goal'. Ms Chandauka had accused Prince Harry of trying to force her out through 'bullying (and) harassment' in an interview with Sky News. In one example, Ms Chandauka, who was appointed to the voluntary post in 2023, criticised Prince Harry for his decision to bring a Netflix camera crew to the charity's polo fundraiser in 2024, as well as an unplanned appearance by his wife Meghan at the event. The accusations were a fresh blow for the prince, who kept up only a handful of his private patronages including with Sentebale after a dramatic split with the British royal family in 2020, leaving the UK to live in North America with his wife and children. 'Moving forward I urge all parties not to lose sight of those who rely on the charity's services,' said the commission's chief executive David Holdsworth, adding improvements should now be made. Prince Harry chose the name Sentebale as a tribute to Diana, who died in a Paris car crash in 1997 when the prince was just 12. It means 'forget me not' in the Sesotho language and is also used to say goodbye. AFP
Business Times
26 minutes ago
- Business Times
Trump says ‘getting very close' on extending China trade truce
[NEW YORK] US President Donald Trump said that he was 'getting very close to a deal' with China to extend the trade truce that saw the two countries agree to reduce tit-for-tat tariff hikes and ease export restrictions on rare earth magnets and certain technologies. 'It's not imperative, but I think we are going to make a good deal,' Trump said in an interview with CNBC, adding that the US was 'getting along with China very well'. Still, Trump downplayed the notion that he was eager for a meeting with Chinese President Xi Jinping, saying he would only want to see his Chinese counterpart as part of an effort to conclude trade negotiations. 'I will end up having a meeting before the end of the year, most likely, if we make a deal,' Trump said. 'If we don't make a deal, I'm not going to have a meeting.' 'It's a 19-hour flight, it's a long flight, but at some point in the not too distant future, I will,' Trump added. A preliminary deal between the US and China is set to expire on Aug 12. That initial truce eased worries of a tariff war that threatened to choke off bilateral trade between the world's two largest economies and also gave the countries more time to discuss other unresolved issues, such as duties tied to fentanyl trafficking. Last week, US Treasury Secretary Scott Bessent and Chinese Vice-Premier He Lifeng met in Stockholm, the third round of trade talks between the US and Beijing in less than three months. While Chinese officials and the Communist Party's official newspaper had signalled satisfaction with the Stockholm talks, the pact remained fragile. Bessent had said that any agreement to extend the arrangement would be up to Trump. BLOOMBERG
