<article><a href="https://cwginternational.listedcompany.com" target="_blank">CWG International</a> acquires a 60 per cent stake in Suzhou Xinglun Tourism to develop a integrated development and <a style="color: #000080" href="http://dealstreetasia.com/tag/raffles-medical-group" target="_blank">Raffles Medical Group</a> has acquired land for developing a hospital in Chongqing.</article>

<a href="https://cwginternational.listedcompany.com" target="_blank">CWG International</a> acquires a 60 per cent stake in Suzhou Xinglun Tourism to develop a integrated development and <a style="color: #000080" href="http://dealstreetasia.com/tag/raffles-medical-group" target="_blank">Raffles Medical Group</a> has acquired land for developing a hospital in Chongqing.
<h3 style="text-align: justify">CWG to develop integrated development at Suzhou&#8217;s ferris wheel themepark</h3>
CWG International said it has <a href="http://infopub.sgx.com/FileOpen/CWG_Press%20Release_Suzhou%20Ferris%20Wheel.ashx?App=Announcement&amp;FileID=445358" target="_blank">acquired </a>a 60 per cent stake in Suzhou Xinglun Tourism, owner of the Suzhou Ferris Wheel Theme Park, for RMB197.2 million.
Post-acquistion, CWG will own two plots of land with a total estimated gross floor area of 75,797sqm to develop a landmark integrated development. The project will comprise of serviced apartments, premium residential units and retail space.
The first plot of land with an estimated GFA of 15,000 sqm, fully utilised for the development of retail units, will include a lifestyle fashion zone as well as tourism space linked to the Suzhou Ferris Wheel. This project is expected to be completed by 2021.
The second plot of land with an estimated GFA of 60,797 sqm will be used for the development of 202 serviced apartments, 96 luxurious residential apartments and some retail units. This is expected to be completed by 2019.
The vendor of the transaction was Suzhou Industrial Park Business Travel Development Co. and the consideration was fully satisfied in cash and was funded from the company&#8217;s internal resources.
<h3 style="text-align: justify">Raffles Medical acquires land for hospital</h3>
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Raffles Medical Group (RMG) has acquired a 28,000 sq m plot of land in the New North District of the Liangjiang New Area in Chongqing, China. This will be used for the construction of a 700-bed international tertiary general hospital.
This follows Raffles Medical entering into a memorandum of understanding (MoU) in February 2017 to explore collaboration with China’s Chongqing Liangjiang New Area Administrative Committee on healthcare-related projects. 
According to a Monday pre-market filing by the company, the hospital will be completed by Q2 2018. Construction costs are forecast at RMB 188 million ($27.2 million) to be incurred up to the end of Jan 2017.
In the filing, Raffles Medical stated: “The hospital will provide high quality and comprehensive healthcare services to local, expatriate and international patients.”
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CWG International is engaged building a Suzhou integrated development and Raffles Medical Group will develop a hospital in Chongqing. 

Singapore: CWG Suzhou integrated development; Raffles Medical Chongqing hospital

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Singapore: CWG Suzhou integrated development; Raffles Medical Chongqing hospital

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