Lippo, Itochu Explore Expanding Cooperation in Asia
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James Riady, the chief executive officer of Lippo Group, one of Indonesia’s largest property conglomerates, met with Itochu chairman and chief executive Masahiro Okafuji in Tokyo on Monday to discuss ways to boost the companies’ cooperation in the regional healthcare sector.
Lippo and Itochu are strategic joint venture partners in Lippo’s Healthcare operations outside Indonesia, covering 106 medical clinics serving 1.4 million Singaporeans, a hospital in China and 12 elderly medical facilities in Japan.
The two business leaders discussed how to intensify their joint healthcare exposure across Asia and Indonesia, according to a statement from Lippo Group.
Itochu is one of Japan’s largest and most profitable “sogo shosha” general trading groups with global operations and over $43 billion annual revenue in 2017 fiscal year.
Lippo is Indonesia’s leading integrated services groups with operations in nine countries, including in Singapore, Hong Kong, China and the United States.
Lippo’s 115,000 staff and employees serve over sixty million customers in various asset categories, including department stores, hypermarkets, malls, housing developments, hospitals, broadband and internet, technology and digital services, media, hotels, banking and financial services and township developments.
Questions & Answers
Q.What is the primary focus of the discussed cooperation between Lippo Group and Itochu?
What is the primary focus of the discussed cooperation between Lippo Group and Itochu?
The two companies are exploring ways to expand their cooperation in the regional healthcare sector across Asia and Indonesia.
Q.Where do Lippo and Itochu currently have joint healthcare operations?
Where do Lippo and Itochu currently have joint healthcare operations?
Their current joint ventures include 106 medical clinics in Singapore, one hospital in China, and 12 elderly medical facilities in Japan.
Q.Which executives met to discuss the expanded cooperation?
Which executives met to discuss the expanded cooperation?
Lippo Group's chief executive officer, James Riady, met with Itochu's chairman and chief executive, Masahiro Okafuji.
Q.What kind of company is Itochu?
What kind of company is Itochu?
Itochu is one of Japan’s largest and most profitable 'sogo shosha' general trading groups, with global operations.
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