Shanghai’s first foreign-invested hospital is to be set up in Changning district, in the west central area of the city, Jiefang Daily said. The hospital will be a joint venture between Changning District General Hospital and Chindex International, a US company that set up China’s first foreign-invested hospital in Beijing in 1997. Chindex will hold a 70 per cent stake in the Shanghai venture, which will provide comprehensive medical services and provide 100 beds for inpatients.
SAB reveals investment plan South African Breweries (SAB) plans to spend US$100m in China over the next three years on acquisitions and marketing, China Daily reported. This would nearly double the company’s total investment in the country. Andre Parker, managing director of SAB Africa and Asia, said that future acquisition targets would include breweries with strong existing brands.
In December SAB announced two acquisitions in China, making it the country’s second largest brewer. It paid Danone Asia US$76m for a 60 per cent stake in Euro Dongxihu Brewery in Wuhan, Hubei province and it bought an 85 per cent stake in 8 Snow Leopard Brewery in Changchun, Jilin province, for US$5.6m. SAB’s production capacity in China is now 35m hectolitres.