Metro Pacific Investments Corp (MPIC) has taken in Singapore's sovereign wealth fund as partner for the expansion of the Philippine company’s hospital business. In a disclosure to the Philippine Stock Exchange, the local arm of Hong Kong-based First Pacific Co Ltd said it entered into a definitive partnership agreement with GIC.
Under the agreement, GIC, through its affiliates, will pour in P3.7 billion to take a 14.4 percent stake in Neptune Stroika Holdings Inc (NSHI), the holding company for MPIC's hospital investments.........................................Full Article: Source
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