SILO’s Business Expansion Worth IDR3.09Trn

PT Siloam International Hospitals, Tbk (SILO IJ), the fastest-growing Indonesian hospital operator, plans to raise IDR3.09trn (USD226mn) through sell its 352.2mn new shares, for a business expansion approved by shareholders. This company’s new shares, equivalent to 25% of its entity. Siloam International Hospital will expand its business through direct, and indirect investment, including acquisitions, asset purchases and and capital expenditures. The company plans to operate hospitals, from 31 today to 50 hospital, by the end of 2019.

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