Top Page | English | 简体中文 | 繁體中文 | 한국어 | 日本語
Thursday, 7 December 2017, 18:00 HKT/SGT
Share:
    

Source: Thonburi Healthcare Group PCL
Thonburi Healthcare Group (SET:THG) Eyes Leadership among Integrated Healthcare Providers
Expands Thai Operations to Tap Aging-Society-Driven Demands, Co-invests in China, Myanmar to Boost Growths

BANGKOK, Dec 7, 2017 - (ACN Newswire) - After reaching the first trading day, Thonburi Healthcare Group PCL (SET:THG) is now moving forward to secure leadership among integrated healthcare providers by drawing on its four decades' experience in providing healthcare and medical solutions, investing in Thonburi Rehabilitation Hospital, Jin Wellbeing County and Thonburi Hospital and Thonburi 2 Hospital expansion projects in Thailand and co-investing in hospital projects in China and Myanmar to achieve stable growths.

Dr Boon Vanasin, Chairman of the Board, THG, a leading integrated healthcare provider that is fully equipped with modern technologies and positions itself as the "Lifetime Health Guardian For All", revealed that, after successfully floating its shares (ticker symbol: THG) on the first trading day, THG is now ready to pursue leadership among integrated healthcare providers by investing its capital in healthcare-related businesses both locally and internationally and converting its extensive medical know-hows and expertise and more than four decades of experience into stable growths.

THG is working to expand its operations both locally and abroad. Investment projects in Thailand include (i) Thonburi Rehabilitation Hospital located on Bamrung Maung Road, which is expected to become operational in 2018 to serve rehabilitation and physical therapy patients; (ii) Jin Wellbeing County Project as a community of the elderly on approximately 140 rai or 22 ha land in Rangsit area with an integrated healthcare centre, the first phase of which is expected to be completed in 2018-2019; and (iii) the expansion of Thonburi Hospital and Thonburi 2 Hospital.

The company is also enhancing its overseas presence. It has acquired a majority stake (58%) in a Chinese corporate vehicle running Welly Hospital in Weihai, China which has already been officially inaugurated and become fully operational. In addition, it is holding a 10% stake in Aryu International Health Care Company Limited, a joint-venture firm established jointly with Ga Mone Pwint Company Limited, its Myanmar partner, and the management is in the process of increasing the investment proportion to 40%. Ar Yu International Hospital is currently under construction in Yangon and expected to become operational in the second quarter of next year. These projects will increase the company's revenue and growth opportunities in the future.

Ms Vorada Thangsurbkul, First Executive Vice President for Investment Banking Coverage, The Siam Commercial Bank PCL, as Financial Advisor, added that THG is a leading integrated healthcare provider in Thailand and well-known for its high quality healthcare services at affordable prices, as well as its highly qualified medical professionals and state-of-the-art medical equipment that attracts a large number of patients each year.

THG's management have been pushing for expansions to create new growths. The company now has 17 network hospitals, and it is making more investments in healthcare-related businesses to expand both locally and internationally, which will enhance its business potential and its capacity to offer new solutions to patients, and ultimately its standing as a comprehensive healthcare network.

Mr. Payupat Mahapol, Assistant Managing Director, Thanachart Securities PCL, as Lead Underwriter, noted that the funds raised on the Stock Exchange of Thailand will strengthen THG's financial position and enhance the company's capacity to run the expansion projects, and that the company owns a widely well-known brand that is trusted by patients for its four decades' experience in managing and providing healthcare.

Given the planned expansions in Thailand to increase its capacity to service its patients, we believe that THG will benefit from the fact that the country is becoming an aging society, with the elderly (its target group) becoming more populous and the Thai people more health-conscious and willing to pay for healthcare service. Its enhanced overseas presence will also make it become an international healthcare provider. These will be a great opportunity to achieve stable growths in the future.

Contact:
For Thonburi Healthcare Group PCL
Ornanong ('Fah') Pattaravejkul
MT Multimedia Co Ltd
Tel: +66 0 2612 2081 #129
Mobile: +66 8 6884 4458
E-mail: ornanong.p@mtmultimedia.com


Dec 7, 2017 18:00 HKT/SGT
Topic: Press release summary
Sectors: HealthCare
http://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2018 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.



Latest Press Releases
Strong Support to Chong Hing Bank from GZ Metro by Subscription of 70,126,000 New Issued Shares at a Consideration of Approximately HK$1.0 billion  
Aug 14, 2018 18:42 HKT/SGT
DreamEast (593.HK) Tourist Resort Projects To Be Completed  
Aug 14, 2018 18:25 HKT/SGT
Hong Kong Young Fashion Designers' Contest (YDC) 2018 Announces Finalists & Martine Rose as VIP Judge  
Aug 14, 2018 17:30 HKT/SGT
JUMBO Revenue Increases 2.9% to $35.8 Million in Q3 FY2018  
Aug 14, 2018 17:30 HKT/SGT
ETC Singapore clinches four titles at the annual PropertyGuru Myanmar Property Awards Gala 2018  
Aug 14, 2018 17:00 HKT/SGT
InNet.Asia Officially Launches the Registration For "THE NEXT 2018"  
Aug 14, 2018 16:45 HKT/SGT
More than 400 IT professionals joined CLOUDSEC Hong Kong 2018  
Aug 14, 2018 16:30 HKT/SGT
PropNex Grows Locally and Regionally with Further Expansion in Vietnam  
Aug 14, 2018 16:00 HKT/SGT
RetailEX ASEAN 2018 organizer reveals how Event is 'Transforming the ASEAN Retail Landscape' with Brand-New Features  
Aug 14, 2018 15:00 HKT/SGT
Watts Miners Powerful Mining Rigs Create High Impact on the Market  
Aug 14, 2018 14:30 HKT/SGT
More Press release >>
 News Alerts
Copyright © 2018 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Privacy Policy | Terms of Use | RSS
US: +1 800 291 0906 | Beijing: +86 10 8405 3688 | Hong Kong: +852 2217 2912 | Singapore: +65 6304 8926 | Tokyo: +81 3 6721 7212

Connect With us: