china everbright limited secures acquisition of beijing huichen nursing home | 光大控股-九游会登录

13 may 2016 - china everbright limited (“cel”, stock code: 165.hk) is pleased to announce an acquisition agreement with beijing huichen nursing home management co., ltd. (“huichen”), a leading company offering elderly health care services in china. cel is now huichen’s largest controlling shareholder following its acquisition of 67.27% of huichen’s equities. after the acquisition, cel will maintain the stability of the huichen management team and take part in the company’s operations and management. established in 2007, huichen is dedicated to providing integrated senior health care services including elderly health care, geriatric treatment, rehabilitation and community services. the company currently operates six apartment complexes for the elderly and one daily management center with over 3,000 beds, serving more than 10,000 senior citizens. huichen is considered china’s first high-end elderly care provider integrating medical services and financial innovation.



chen shuang, ceo of china everbright limited, said, “with this acquisition, cel enters the elderly health care business which shows great potential and prospects. huichen possesses the finest elderly health care management capability in china – and indeed the world. it has a seasoned and professional management team and is the best partner which gives cel access to the elderly care industry. further growth of huichen is anticipated combining cel’s solid financial resources and networks with huichen’s professional management capability. we see huge opportunities with the government policies supporting the development of chinese elderly care industry, and the growing aging population in china. as cel’s long-term quality asset, huichen is expected to create lasting and stable returns on investment for cel and the company’s shareholders.”



according to the first china report on the development of livable environment for the elderly (2015), the elderly population in china is now 25 million. by 2030 it is expected to reach 371 million, accounting for 25.3% of the total population. china’s aging population is growing rapidly, leading to an urgent need to enhance and improve services for the elderly community. in 2015, 10 ministries, including the ministry of civil affairs and the development and reform commission, jointly released implementing opinions on encouraging participation of private capital in the development of the elderly service industry, which opens a new development stage for china’s elderly care industry. elderly care is an emerging industry in china with strong prospect, pioneers with foresight and initiative would likely to capture the numerous opportunities in this industry.



cel has long focused on cross-sector investments. its sector funds cover areas such as real estate, new energy, infrastructure and health care. investing in the elderly care industry is expected to create synergy with cel’s investment in sectors including health care, real estate and related industries, opening rooms for inter cooperation.