Article: Singapore, UAE companies buy stake in Thai hospital promoting medical tourism


AP Worldstream
01-20-2006
Dateline: BANGKOK, Thailand
Major investment groups in Singapore and the United Arab Emirates on Friday bought a combined stake of almost 12 percent in Bumrungrad Hospital PCL, which operates Southeast Asia's largest private hospital and is a leader in "medical tourism" in Thailand.

The hospital announced in a news release that Temasek Holdings (Private) Ltd of Singapore through two indirect wholly-owned subsidiaries, and Istithmar PJSC of the United Arab Emirates each purchased 5.94 percent of Bumrungrad Hospital's shares from Sinsuptawee Asset Management Ltd, a wholly-owned unit of Bangkok Bank PCL, Thailand's largest commercial bank.

Sinsuptawee's stake in the ...

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