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HEIDELBERG gets off to positive start in new financial year – forecast for 2025/26 confirmed

  • Sales and adjusted EBITDA margin for Q1 well up on corresponding quarter of previous year
  • Solid incoming orders lay foundations for positive business development
  • Free cash flow still negative but much improved compared with equivalent period of previous year
  • MoU agreed on system partnership with defense specialist VINCORION
  • Full-year forecast confirmed

HEIDELBERG, GERMANY – Newsaktuell – 31 July 2025 – Heidelberger Druckmaschinen AG (HEIDELBERG) has made a positive start to financial year 2025/26. Thanks to the healthy order backlog from the previous year, sales in the first quarter were well up on the previous year’s figure (€ 403 million) at € 466 million. Business in Europe and Asia developed particularly positively during this period. In the case of Asia, this demonstrates that HEIDELBERG is further strengthening its position in such future markets. The adjusted operating result (EBITDA) also improved significantly, to € 20 million (corresponding quarter of previous year: € –9 million). The adjusted EBITDA margin, which did not include any special items during the reporting period, rose accordingly to 4.4 percent after three months (equivalent quarter of previous year: –2.3 percent). Besides the growing sales volume and improved production capacity utilization, the cost-cutting measures introduced by the company also had an impact in this regard. Systematically implementing both the plan for the future and efficiency improvements is having a positive effect on profitability in the current financial year. A full year after drupa, incoming orders of € 559 million in the first quarter (previous year’s figure: € 701 million) continued to create a solid basis for positive business development, with the company’s successful participation in the China Print trade show also playing a role.

HEIDELBERG develops and produces innovative control and power electronics. The company intends to use this core technology to open up new business areas, such as the defense sector.
HEIDELBERG develops and produces innovative control and power electronics. The company intends to use this core technology to open up new business areas, such as the defense sector.

“Thanks to our global market position and an improved cost basis, we have made a good start to the new financial year,” said Jürgen Otto, CEO of HEIDELBERG. “Strategic measures in our core business, together with new options in the Technology segment and our move into the defense sector, give us cause to feel very confident about the prospects for the year as a whole.” he added.

Although the free cash flow after three months was negative, as expected, it was much improved compared with the corresponding period of the previous year. Thanks to the initiation of staffing and efficiency measures, the figure of € –68 million (previous year: € –103 million) was better than envisaged. The net result after taxes in the first quarter amounted to € –11 million, which was a big improvement on the equivalent period of the previous year (€ –42 million).

As of April 1, 2025, HEIDELBERG started basing its reporting on the Print & Packaging Equipment, Digital Solutions & Lifecycle, and HEIDELBERG Technology segments. The Print & Packaging Equipment segment includes offset and flexo solutions, as well as prepress and postpress solutions for packaging and commercial printing. The Digital Solutions & Lifecycle segment covers products and activities relating to software, service, consumables, and digital printing. The HEIDELBERG Technology segment primarily comprises activities outside the company’s core business, such as electromobility (Amperfied) and industry operations (production and technology solutions for third-party businesses).

In the Print & Packaging Equipment segment, sales in the first quarter increased by some 42 percent to € 211 million. Digital Solutions & Lifecycle sales matched the previous year’s level, totaling € 241 million. Sales after three months in the Technology Solutions segment were also at the same level as in the corresponding period of the previous year. Adjusted EBITDA improved in all the segments.

“Packaging printing remained a growth driver for our business in the first quarter,” said David Schmedding, Chief Technology & Sales Officer at HEIDELBERG. “This development reaffirms our growth strategy – the continuous and targeted expansion of our portfolio as a systems integrator for this key market segment. Our acquisition of Polar Mohr brand rights and technology to boost the productivity of value chains in packaging and label production is a further example of this approach.” he explained.

As HEIDELBERG sees it, playing a leading role as a systems integrator for packaging and digital printing with hybrid printing solutions and the company’s software and service business in a digital ecosystem can offer growth potential in its core business. In the Technology segment, the focus is on expanding the operation of charging infrastructure, including DC technology, and on unlocking new market segments.

MoU agreed on system partnership with defense specialist VINCORION

HEIDELBERG has embarked on its first project in the defense sector and agreed a MoU (Memorandum of Understanding) on a system partnership with VINCORION Advanced Systems GmbH. This cooperation will see HEIDELBERG move into the defense market by developing, industrializing, and building power control and distribution systems for VINCORION. HEIDELBERG is aiming to become established as a reliable partner for high-quality products and gradually expand this role within the defense sector.

Full-year forecast confirmed

Following a positive start, the forecast for financial year 2025/26 is confirmed. In view of macroeconomic developments, taking into account the various opportunities and risks, and assuming the global economy does not see weaker growth than predicted by the relevant institutions, the company is expecting sales of around € 2,350 million in financial year 2025/26 (2024/25: € 2,280 million). The EBITDA margin adjusted for special items is predicted to rise to as much as 8 percent (previous year: 7.1 percent).

Image material and further information about the company are available in the Investor Relations portal and Press Lounge of Heidelberger Druckmaschinen AG at www.heidelberg.com.

Important note:

This release contains forward-looking statements based on assumptions and estimates by the management of Heidelberger Druckmaschinen Aktiengesellschaft. Even though the management is of the opinion that these assumptions and estimates are accurate, the actual future development and results may deviate substantially from these forward-looking statements due to various factors, such as changes in the overall economic situation, in exchange and interest rates, and within the print media industry. Heidelberger Druckmaschinen Aktiengesellschaft provides no guarantee and assumes no liability for future developments and results deviating from the assumptions and estimates made in this press release.
Hashtag: #HeidelbergerDruckmaschinenAG

The issuer is solely responsible for the content of this announcement.

About HEIDELBERG

Heidelberger Druckmaschinen AG (HEIDELBERG) is a leading technology company that has been standing for innovation, quality, and reliability in mechanical engineering worldwide for 175 years. With a clear focus on growth and as a total solution provider, HEIDELBERG is driving further development in the core areas of packaging and digital printing, software solutions, and lifecycle business with service and consumables so that customers can achieve maximum productivity and efficiency. The company is also focusing on expanding into new business areas such as high-precision plant engineering with integrated control systems, automation technology, robotics, and the growing green technologies sector. With its strong international presence in approximately 170 countries, the creative power and expertise of its roughly 9,500 employees, its own production facilities in Europe, China, and the USA, and one of the largest global sales and service networks, the company is ideally positioned for future growth.

China-Japan Premium Rice Tasting: China’s Arowana WuChang Base Original Fragrant Rice Takes Top Prize

HIROSHIMA, Japan, July 31, 2025 /PRNewswire/ — The Japanese Society for Rice Quality and Palatability (JSRQP) held its 16th Annual Conference and Seminar in Hiroshima on November 6, 2024. As part of the event, the Premium Japonica Rice Tasting Session featured entries from across the region. Arowana WuChang Base Original Fragrant Rice, developed by Yihai Kerry Arawana Holdings Co., Ltd. (Arawana) and produced using the company’s proprietary Six-Step Precision Control Technology of Fresh Rice, stood out among the competition and earned the event’s highest distinction—the Excellence Award. Evaluated against Koshihikari, Japan’s best-known rice variety, and selected through a rigorous tasting process, the win has brought new attention to the high standards of Chinese-grown premium rice. 

Rigorous Evaluation, Top Selection

During the China-Japan Premium Japonica Rice Tasting Session, a panel of 23 rice quality experts from both countries conducted a blind sensory evaluation. Using Koshihikari as the benchmark and applying Japanese tasting standards, judges assessed 21 anonymized rice samples for visual appeal, fragrance, stickiness, and texture. Arowana WuChang Base Original Fragrant Rice earned top marks for its translucent appearance, rich aroma, balanced stickiness, and soft mouthfeel, ultimately securing the coveted Excellence Award.


Freshness and Traceability: A Six-Step Precision Approach to Rice Quality

The award-winning rice owes its quality to Arawana’s Six-Step Precision Control Technology of Fresh Rice—a proprietary method that ensures optimal freshness through six key stages: timely harvesting, low-temperature drying, low-temperature storage, moderate milling, hypoxic packaging, and scientifically guided cooking. The process begins with timely harvesting, a step that is both the starting point and the most critical in preserving rice quality. Carried out when the grain reaches approximately 90% maturity—a stage that balances flavor development and yield optimization—this precision harvest not only enhances taste and texture but also reduces field losses by an estimated 5%, minimizing broken grains, dry matter loss, and damage from mechanical harvesting. Arawana’s method has been recognized with the Special Prize of the Science and Technology Award by the Chinese Cereals and Oils Association for its innovation and successful industrial-scale implementation.

Judges also acknowledged Arawana’s partnership with Sinochem Agriculture’s MAP beSide program, which provides full traceability from farm to shelf. Through scientifically managed fields and satellite monitoring, the program has played a key role in supporting consistent rice quality.

A New Chapter in ChinaJapan Rice Collaboration

Since its founding in 2009, the JSRQP has worked to improve the taste and quality of Japanese rice through careful cultivar selection and innovation in cultivation. The Excellence Award presented to Arowana WuChang Base Original Fragrant Rice—produced using the Six-Step Precision Control Technology—represents a meaningful moment in the deepening exchange between Chinese and Japanese rice growers. The two countries are expected to strengthen cooperation in rice quality research, with the shared goal of delivering superior taste experiences to consumers worldwide.

 

Laos Kicks Off Fundraising Campaign to Relive Floods Damage Amidst Public Doubts

Laos Kicks Off Fundraising Campaign to Relive Floods Damage Amidst Public Doubts

Laos has launched a fundraising campaign to relieve damage caused by Typhoons Wutip and Wipha that wreaked havoc in the country across the first half of 2025. 

MTR* and Airport Express Advertising Presents “5G Summer Thrill”

Leveraging Upgraded 5G Golden Spectrum for Enhanced Real-Time Interaction Between Advertisers and MTR Passengers delivering Exclusive Outdoor Advertising Impact

HONG KONG, July 31, 2025 /PRNewswire/ — JCDecaux Transport, the exclusive operator of MTR* and Airport Express advertising, is excited to co-launch the “5G Summer Thrill” outdoor advertising promotion, adding vibrancy to this summer. This new online interactive live-streaming event transcends geographical boundaries for both advertisers and MTR passengers, marking a new chapter in outdoor advertising by creating real-time interactive entertainment hotspots and capturing memorable moments.

MTR* and Airport Express Advertising Presents "5G Summer Thrill” Leveraging Upgraded 5G Golden Spectrum for Enhanced Real-Time Interaction delivering Exclusive Outdoor Advertising Impact
MTR* and Airport Express Advertising Presents “5G Summer Thrill” Leveraging Upgraded 5G Golden Spectrum for Enhanced Real-Time Interaction delivering Exclusive Outdoor Advertising Impact

Opening a New Chapter in Outdoor Advertising: Interactive Opportunities from 5G Upgrades

5G Golden Spectrum has been added to nine MTR stations to enhance passenger experience. The upgrade of the mobile network allows passengers to enjoy a seamless internet experience, whether they are watching live broadcasts, browsing videos, or engaging in social interactions, even during peak hours.

Organized by MTR Advertising and managed by JCDecaux Transport, the “5G Summer Thrill” event shines at Hong Kong, Causeway Bay, and Tsim Sha Tsui stations. It features a series of interactive live-streaming events on iconic digital display screens to break boundaries, experience memorable moments, and feel the speed.The advantages of the upgraded 5G Golden Spectrum include:

  • Ultra-Fast Internet: Passengers can enjoy seamless, high-speed real-time interactive live streaming
  • Ultra-Low Latency: Smoother gaming and interactive experience, ensuring passengers do not miss any exciting moments
  • Robust and Stable Network Capacity: Stable signals even during peak network usage

Upgraded 5G: Enhancing Real-Time Interaction for Advertisers and MTR Passengers

The enhanced mobile network has made station digital advertising more engaging and diverse, providing advertisers with a more interactive and immediate outdoor advertising platform. This advancement enables advertisers to deliver timely information to their target audience, maximizing advertising effectiveness. Advertisers can break geographical boundaries, interact with consumers in real-time, and enhance brand reach and freshness, thereby increasing the overall effectiveness of their campaigns.

Ms. Shirley Chan, Managing Director of JCDecaux Transport Hong Kong & Macau, stated, “We are thrilled to showcase the innovative efficiency and interactive experience of MTR* and Airport Express advertising. This event not only integrates a comprehensive online and offline promotional strategy but also leverages the upgraded 5G Golden Spectrum to enhance the fluidity and interactivity of advertising. By creating impactful large-scale outdoor advertising solutions, we precisely engage with target audiences and facilitate real-time interactions, boosting brand participation. We are grateful for MTR’s support and guidance, which allows JCDecaux Transport to deliver an extraordinary interactive live-streaming experience to our advertising clients, enhancing brand exposure and offering rich promotional experiences to the citizens of Hong Kong. We look forward to the powerful advertising impact this campaign will generate!”

Experience “5G Summer Thrill “: Event Schedule and Participation Details

The “5G Summer Thrill” offers a variety of exciting programs from July to August 2025, enabling passengers to enjoy smart travel interactions powered by the upgraded 5G Golden Spectrum!

Event

Advertiser

Date

Time

Location

“Chasing Dreams: Professional Future” Diploma Exam Results Seminar and Workshop 2025

VTC and Hong Kong Youth Association

July 5

1:45 – 3:30 PM

Hong Kong Conrad Hotel

International Education Fair 2025

Amber Education

July 16

2:30 – 3:00 PM

JW Marriott Hotel, Hong Kong

YUTAKANA Bountiful Life Special Share

YUTAKANA Bountiful Life

July 26

8:00 – 8:30 PM

Live Stream

Arsenal vs. Tottenham – MTR Station Cheer and Support Interactive Live Stream

健絡通

July 31

To Be Determined

Kai Tak Sports Park Main Venue

Please register early for your exclusive event code at: https://www.live5gsummerthrillmtr.com/tc and retain your e-ticket and reference number for entry to the event or to redeem benefits.

Inquiries: 3333 8765 | Email: hk.gameinfo@jcdecaux.com

Event Highlights

The second interactive live-streaming event on July 16 attracted many passengers, creating a lively atmosphere as MTR commuters paused to enjoy the live broadcast and participate in interactions. Many attendees expressed high interest in the event and actively engaged in various interactive segments, enabling real-time communication with brands. This not only added excitement to their daily commutes but also provided advertisers with direct access to their target audience.

To celebrate the successful launch of “5G Summer Thrill,” a simple yet grand photo opportunity and interactive sharing session were arranged during the second event, where representatives from MTR, the four major mobile network operators, and advertising management gathered to discuss how mobile network enhancements can leverage MTR advertising advantages.

The day was filled with surprises, and the enthusiastic response from passengers added vibrant colors to the “5G Summer Thrill” event, showcasing the potential for innovative experiences in future travel. We look forward to continuing to deliver exciting interactive streams in future events, ensuring every passenger is part of this grand occasion.

JCDecaux eagerly anticipates exploring the endless possibilities and surprises brought by the 5G interactive experience with passengers and advertisers this summer, creating a unique MTR travel experience and contributing to the development of Hong Kong as a smart city.

For more information about the MTR* advertising campaign, please contact media inquiries:

JCDecaux Transport
Rita Yeung
Tel.: 3960 3386 / 9781 0017
Email: rita.yeung@jcdecaux.com

About JCDecaux Transport

JCDecaux Transport is the main subsidiary of the JCDecaux Group, the number one outdoor advertising company worldwide. Established since 1976, JCDecaux Transport is the No.1 outdoor advertising company in Hong Kong, the market leader and pioneer of the outdoor advertising industry. Currently managing the advertising sales concessions of MTR* and Airport Express for up to 49 years. The company also operates the advertising concessions for Hong Kong International Airport, Macau International Airport and Pacific Place Passages.

For more information about JCDecaux Transport, visit www.jcdecaux-transport.com.hk
LinkedIn: https://www.linkedin.com/company/jcdecaux-transport-hong-kong/ 

*MTR advertising refers to the exclusive advertising business managed by JCDecaux Transport, which includes the Island Line, South Island Line, Tsuen Wan Line, Kwun Tong Line, Tung Chung Line, Tseung Kwan O Line, Disneyland Resort Line, and the Airport Express. This encompasses programmatic out-of-home advertising and MTR Mobile.

 

Ericsson expands 4G and 5G network equipment partnership with SoftBank Corp.

  • Ericsson to supply network equipment for SoftBank’s low, mid, and high bands
  • Ericsson will contribute to SoftBank’s 4G and 5G networks enhancement and expand further expansion of 5G Standalone coverage

STOCKHOLM, July 31, 2025 /PRNewswire/ — Ericsson (NASDAQ: ERIC) has strengthened its partnership with Japan’s SoftBank Corp. (SoftBank) through a new commercial agreement covering 4G and 5G network products and solutions. Ericsson has been selected as one of the radio equipment vendors to enhance SoftBank’s networks. Ericsson will enhance SoftBank’s networks in the Hokkaido, Tohoku, Kanto, Hokuriku and Tokai regions, and parts of the Kansai region.

SoftBank’s 4G and 5G networks will be enhanced by utilizing products and solutions from the Ericsson Radio System. Frequencies covered in the agreement include low, mid and high bands. Ericsson will assist SoftBank in expanding 5G Standalone coverage and supporting advanced automation and operational efficiency improvements with AI.

Hideyuki Tsukuda, Executive Vice President and CTO at SoftBank Corp., says: “SoftBank will promote network enhancement with a focus on 5G Standalone deployment and AI utilization, delivering an outstanding user experience for both enterprise and consumer customers in Japan. We are confident that adopting Ericsson’s advanced radio technology will further accelerate the enhancement of our network’s quality and operational efficiency with AI.”

Chafic Nassif, Head of Market Area North East Asia, Ericsson, says: “SoftBank has been at the forefront of connectivity engagement through every generation of mobility. As digitalization ramps up, Ericsson will work closely with SoftBank in our strengthened partnership to help drive its digital leadership ambitions through improved end-user experiences, AI and automation. This will also support SoftBank’s role in helping Japan to achieve its wider digital economy aims as a nation.”

Portfolio details

Ericsson will provide SoftBank with its latest radio access network (RAN) products, including the easy-to-install, lightweight Massive MIMO AIR 3255, which reduces energy consumption by up to 35 percent compared to previous models. The company will also deliver the energy-efficient, high-capacity, ultra-wideband AIR 6476.

Ericsson will also supply its latest generation RAN Compute (basebands), optimized for real-time AI execution. The RAN hardware and software utilizing Ericsson’s AI will enhance user experience, coverage, mobility and spectrum efficiency, and reduce energy consumption.

Ericsson’s RAN Compute, powered by Ericsson Silicon and the Many-Core Architecture (EMCA), enhances data storage and parallel processing capabilities. This enables real-time AI execution in the baseband, making AI deployment easier and more energy efficient.

Related content:
Ericsson 5G RAN
AI RAN and 5G network performance boost – Ericsson
Ericsson Differentiated Connectivity

NOTES TO EDITORS:
SoftBank, the SoftBank name and logo are registered trademarks or trademarks of SoftBank Group Corp. in Japan and other countries. Other company names and product and service names mentioned in this press release are registered trademarks or trademarks of their respective companies.

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MORE INFORMATION AT
Ericsson Newsroom
media.relations@ericsson.com (+46 10 719 69 92)
investor.relations@ericsson.com (+46 10 719 00 00)

ABOUT ERICSSON:
Ericsson’s high-performing networks provide connectivity for billions of people every day. For nearly 150 years, we’ve been pioneers in creating technology for communication. We offer mobile communication and connectivity solutions for service providers and enterprises. Together with our customers and partners, we make the digital world of tomorrow a reality. www.ericsson.com

ABOUT SOFTBANK CORP.
Guided by the SoftBank Group’s corporate philosophy, “Information Revolution – Happiness for everyone,” SoftBank Corp. (TOKYO: 9434) operates telecommunications and IT businesses in Japan and globally. Building on its strong business foundation, SoftBank Corp. is expanding into non-telecom fields in line with its “Beyond Carrier” growth strategy while further growing its telecom business by harnessing the power of 5G/6G, IoT, Digital Twin and Non-Terrestrial Network (NTN) solutions, including High Altitude Platform Station (HAPS)-based stratospheric telecommunications. While constructing AI data centers and developing homegrown LLMs specialized for the Japanese language with 1 trillion parameters, SoftBank is integrating AI with radio access networks (AI-RAN) with the aim of becoming a provider of next-generation social infrastructure. To learn more, please visit https://www.softbank.jp/en/

This information was brought to you by Cision http://news.cision.com.

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An Ericsson engineer in Japan works on network equipment

 

Champasack Bans Wildlife Collection and Trade

Wildlife on display at a rural market in Laos. (Photo credit: WCS)

Southern Laos’ Champasack Province on 25 July announced a ban on the collection, trading, and raising of wild animals and birds in their natural habitats, including earthworms, for commercial purposes. 

Under the new regulations, violators face escalating penalties depending on the severity of their offense. Minor violations that do not constitute criminal acts will result in fines equivalent to twice the value of the damage caused to wildlife. 

Repeat offenders will face harsher penalties. For example, violations involving Category II (Protected) species, such as porcupines, wild boars, and bats, will result in fines equal to four times the estimated damage value. Offenses involving Category III (General) species, like rats, lizards, Chinese francolins, and green snakes, will incur triple the damage value. 

In more serious cases, authorities may impose educational measures, disciplinary actions, mandatory compensation, or even criminal prosecution.

All assets obtained through illegal wildlife activities will be confiscated and declared state property.

Individuals or businesses seeking to collect, trade, or raise wildlife for commercial purposes must submit detailed proposals to provincial authorities for review. Permission will be granted only if the animals are not on the prohibited list and the activity poses no threat to biodiversity or environmental sustainability.

Category I (Prohibited) such as tiger, red-shanked douc langur, and saola remain strictly off-limits for any use.

This follows an incident in neighboring Salavan Province on 20 July, when one greater hog badger and three endangered red-shanked douc langurs were found dead in the forest. The discovery sparked nationwide concern, leading to arrests on 22 July of those responsible for shooting the protected animals.

SeABank and AFS clarified matters related to the Charter Capital Transfer Agreement of Post and Telecommunication Finance Company Limited (PTF)


HA NOI, VIETNAM – Media OutReach Newswire – 31 July 2025 – Regarding the Charter Capital Transfer Agreement of Post and Telecommunication Finance Company Limited (“PTF“) and the public announcement issued by AEON Financial Service Co., Ltd. (“AFS“), Southeast Asia Commercial Joint Stock Bank (“SeABank“) and AFS have been engaged in constructive discussions to comprehensively clarify the issues raised by AFS in a spirit of goodwill and cooperation.

SeABank and AFS foster relationship with a cooperative agreement
SeABank and AFS foster relationship with a cooperative agreement

As a result, AFS has confirmed that SeABank had no knowledge of, nor any involvement in, any potential discrepancies in provision at PTF before the closing of the transaction. Furthermore, AFS has formally withdrawn its preliminary notice relating to the transaction and reaffirmed its intention to manage and develop PTF sustainably.

To foster the relationship, SeABank and AFS has signed a cooperative agreement to develop retail products and services, for the needs of both parties’ customers in Vietnam.

For media inquiries, please contact:

Mr. Tran Huy Hung
Deputy Director, Communications and Marketing Division
SeABank – Southeast Asia Commercial Joint Stock Bank
198 Tran Quang Khai Street, Hoan Kiem Ward, Hanoi, Vietnam
Tel: (024) 3944 8688, ext. 7803 | Fax: (024) 3944 9026
Email: hung.th@seabank.com.vn | Website: www.seabank.com.vn

Hashtag: #SeABank

The issuer is solely responsible for the content of this announcement.

Perennial Holdings, Lujiazui Administrative Bureau and Lujiazui Group Sign Strategic Partnership to Establish Shanghai’s First Wholly Foreign-Owned Tertiary General Hospital

SINGAPORE, July 31, 2025 /PRNewswire/ — Perennial Holdings Private Limited (“Perennial Holdings“) is pleased to announce that it has entered into a strategic partnership agreement with the Lujiazui Administrative Bureau of the China (Shanghai) Pilot Free Trade Zone (“Lujiazui Administrative Bureau“) and Shanghai Lujiazui (Group) Co., Ltd., (“Lujiazui Group“), under which Perennial Holdings will incorporate a foreign medical investment company in the Lujiazui District to establish Shanghai’s first wholly foreign-owned tertiary general hospital (“Perennial General Hospital Shanghai“).

Perennial General Hospital Shanghai is expected to be established at a total investment cost of RMB500 million with a planned capacity of 500 beds. The hospital will be built according to international standards, integrating advanced medical equipment and technology, as well as global service standards. It will also encompass an outstanding team of medical experts from China and abroad to deliver patient-centred care. Aside from general medical areas such as internal medicine, surgery and health screening, the hospital will house centres of excellence with specialisations including orthopedics, oncology, cardiovascular diseases and otolaryngology. Designed with a garden-style healing environment and personalised care, the hospital is committed to delivering a safe, efficient and comfortable patient experience. The hospital will also serve as a premier platform for global medical exchange, fostering collaboration and sharing of clinical expertise.

Mr Pua Seck Guan, Executive Chairman and Chief Executive Officer of Perennial Holdings, said, “We are delighted to partner the Lujiazui Administrative Bureau and Lujiazui Group, bringing together our collective expertise and reaffirming our long-term confidence in China’s healthcare market. Shanghai is a dynamic international financial and trade hub as well as a global tourism destination, attracting business elites, talents and high-net-worth tourists from all over the world. Along with the city’s highly cosmopolitan local residents, Shanghai is witnessing a burgeoning demand for premium and personalised medical services.”

Mr Pua added, “The Lujiazui District stands as the most globalised and comprehensive business ecosystem within Shanghai’s financial centre. Located 30 kilometres from the Pudong International Airport and accessible via an eight-minute magnetic levitation train ride, the District enjoys strong international connectivity. The Perennial General Hospital Shanghai will leverage its strategic location to serve both local residents and expatriates in the city, and introduce innovative medical treatments and packages for high-net-worth international clients to support the growth of Shanghai’s medical tourism sector. Through the hospital, we are committed to establishing an exceptional healthcare hub with global reach, contributing to the city’s development as an international consumption centre.”

A spokesperson from the Lujiazui Administrative Bureau, said: “We warmly welcome Perennial Holdings’ introduction of international medical resources to the Lujiazui District, which will significantly contribute to our vision of building a world-class financial city. The Lujiazui District is a hub for nearly 50,000 domestic and international enterprises and 500,000 professionals. It has a distinctly outward-facing economy, with a highly integrated and developed industrial and urban ecosystem, making it an ideal city for living and working. Striving to become a key hub for Shanghai’s “Five Centres” initiative and a leading development zone in the Pudong New Area, the District is focused on promoting regional economic development and optimising its business and living environments. This new hospital will be instrumental in developing Lujiazui District’s “Big Health” industry ecosystem and elevation of its reputation worldwide.”

A spokesperson from the Lujiazui Group, said: “Drawing from Perennial Holdings’ international expertise in the healthcare sector, the Perennial General Hospital Shanghai will greatly benefit from Pudong New Area’s conducive policies to introduce advanced international medical treatments and healthcare management to meet the diverse healthcare needs of residents across the Yangtze River Delta region and offer world-class medical services catered to expatriates. This hospital will be pivotal in advancing Lujiazui District’s infrastructure, fostering integrated innovation across healthcare, finance and technology, while supporting the synergistic growth of Shanghai’s international financial centre and the broader health industry.”

As an integrated healthcare and real estate company, Perennial Holdings has five healthcare-centric transit-oriented developments (“TODs“) typically integrating medical care, eldercare and hospitality components, connected to high-speed railway stations located in Tianjin, Kunming, Chengdu, Xi’an and Chongqing. Currently, the company owns, manages and operates over 25,000 beds in medical and eldercare facilities, comprising about 16,000 operational beds and over 9,000 beds in the pipeline, across 15 cities in China and Singapore.

For media enquiries, please contact:

 

Ms Tong Ka-Pin

Chief Corporate Officer

DID: (65) 6602 6828

HP : (65) 9862 2435

Email: tong.ka-pin@perennialholdings.com

 

 

Ms Crystal Tan

Assistant Manager, Investor Relations, Corporate Communications & Marketing

DID: (65) 6602 0994

HP : (65) 8128 8268

Email: crystal.tan@perennialholdings.com

About Perennial Holdings Private Limited (www.perennialholdings.com)

Perennial Holdings Private Limited (“Perennial Holdings“) is an established integrated healthcare and real estate company headquartered in Singapore. The company owns, manages and operates over 25,000 beds in medical and eldercare facilities, comprising about 16,000 operational beds and over 9,000 beds in the pipeline, across 15 cities in China and Singapore. In China, Perennial Holdings owns and operates the country’s first private integrated healthcare ecosystem, which combines a unique medical platform centred on partnerships with doctors and one of the largest private eldercare platforms in the country. Its comprehensive medical care facilities encompass general, rehabilitation, specialist and nursing hospitals, while its eldercare facilities include independent living, assisted living, nursing homes and dementia care. In Singapore, the Company will operate the nation’s first private assisted living development and is set to launch the country’s first-of-its-kind private integrated rehabilitation and traditional Chinese medicine sanctuary.

Perennial Holdings’ quality real estate portfolio spans over 84 million square feet in total gross floor area across China, Singapore, Malaysia and Indonesia. The company focuses strategically on large-scale transit-oriented developments (“TODs“), serving as enablers of its healthcare portfolio, and landmark integrated developments. It has six TODs in China which are connected to high-speed railway (“HSR“) stations, of which five located in Tianjin, Chengdu, Kunming, Xi’an and Chongqing, are healthcare-centric, and one commercial-centric HSR TOD is in Hangzhou.